Markets Week Ahead: British Pound, Euro, Gold, US Dollar, CPI and GDP Data

The Euro and British Pound cautiously weakened last week amid a stronger US Dollar. This also meant gold underperformed. Ahead, all eyes turn to US CPI and UK GDP.

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British Pound (GBP) Forecasts: GBP/USD and EUR/GBP After BoE Hike

The British Pound is marginally lower against both the US dollar and the Euro on the week after the latest BoE policy decision saw the terminal Bank rate outlook trimmed.

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July Jobs Report: Payrolls Rise by 187,000, Driving Action in Gold, US Dollar

The U.S. economy added 187,000 jobs in July, a sign that the labor remains healthy by historical standards and widespread layoffs are not occurring despite the late stage of the economic cycle.

from DailyFX – Market News https://bit.ly/3OIS9Xl
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Oil Price Remains Bid Ahead of OPEC+ Meeting, US NFPs

Oil remains on the front foot ahead of two potentially market moving events

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Euro Price Outlook: EURUSD on Breakout Watch, EURGBP Range Continues

European fundamental data has not helped spur on the currency despite encouraging GDP print. ECB looking to reach peak rates no longer supports the currency

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