The GBP's moment of truth

The GBP is having a busy week as ongoing Brexit negotations contend with central bank meetings in London and Washington, with cable traders focusing on both.

Saxo Bank head of FX strategy John Hardy says that while negotiations between the UK and the EU have been progressing, there is still uncertainty over what the situation will look like in 2021 in the aftermath of any proposed deal.

The Bank of England meets on Thursday and there are hopes for a hawkish approach by the central bank, adds Hardy.

With UK January earnings and unemployment rate figures due on Wednesday, Saxo's FX head reports that the ingredients for a rally in GBP are present.

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The GBP's moment of truth

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Outrageous Predictions 2023: The War Economy

Billionaire coalition creates trillion-dollar Manhattan Project for energy

French President Macron resigns

Gold rockets to USD 3,000 as central banks fail on inflation mandate

EU Army forces EU down path to full union

A country agrees to ban all meat production by 2030

UK holds UnBrexit referendum

Widespread price controls are introduced to cap official inflation

OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve asset

USDJPY fixed to the USD at 200 as Japan overhauls financial system

Tax haven ban kills private equity

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