David Cottle

UK rate-cut expectations have come forward as US ones have been pushed back This undermines a key source of support for GBP Without it, the overall downtrend looks set to endure

Monetary policy questions are trumping geopolitics in the energy market

The Pound has slid consistently as US/UK interest rate views have shifted The Dollar has gained broadly as it seems less likely that the Fed will move before the year’s second half The coming week may not do much to change this view

GBP/USD remains in a well-respected downtrend BOE’s Haskel reminded markets that the UK labor market remains tight This was perhaps modestly more hawkish than some recent BoE comments Elevate your trading skills and gain a competitive edge. Get your hands on the Pound Sterling Q2 outlook today for exclusive insights into key market catalysts that should be on every trader's radar:

Crude Oil prices are edging cautiously back up Demand worries are balanced out by potential supply threats US inflation numbers will be the next major news point, as they are for all markets

GBP/USD has benefited fully from USD Weakness However, this week brings both the Fed’s rate call and nonfarm payroll data These could see the Dollar claw back some ground

EUR/USD took back some of Friday’s losses Bulls remain in charge, if not by a huge margin now Eurozone inflation numbers on Tuesday will be front and center for ECB-watchers

GBP/USD gains have halted close to its 200-day moving average This may be merely a pause for breath What the Fed has to say will now be key

Japanese Yen (USD/JPY) Analysis and Charts The Japanese Yen was lower again against the United States Dollar on Wednesday after what’s already been a wild ride for the currency this week.

The British Pound heads into a new trading week close to one-month highs against the United States Dollar, a tale that’s much more about the former than the latter.