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EURGBP


Novinky

Sterling rises ahead of data-heavy run up to BoE meeting

Sterling rises ahead of data-heavy run up to BoE meeting LONDON, Dec 11 (Reuters) - Sterling rose against the dollar on Monday as traders geared up for a busy week of data releases and central bank meetings including at the Bank of England (BoE). At 1138 GMT, sterling GBP=D3 was up 0.24% against the dollar at $1.2578. The BoE will meet on Thursday for its final policy meeting of 2023. Market participants widely expect no change to the current Bank Rate which stands at a 15-year high of 5.25%.
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FX options wrap - Poised for Central Bank induced FX volatility

BUZZ-FX options wrap - Poised for Central Bank induced FX volatility There's been an increase in shorter dated FX option implied volatility over recent sessions, with a particular focus on next week's swathe of key central bank policy announcements. Friday's U.S. jobs data FX volatility risk premium was initially tame, but the overnight expiry implied volatility did increase over the next 24 hours.
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Stand out FX option strikes expiring in the week ahead

BUZZ-COMMENT-Stand out FX option strikes expiring in the week ahead Dec 8 (Reuters) - The cash hedging of soon-to-expire FX option strikes can influence FX price action by adding to any nearby support/resistance while potentially drawing and containing spot near the strikes, and there are some large ones worth noting for the week ahead. Stand-out EUR/USD strikes are on Monday between 1.0720-30 on 1.8-billion euros and between 1.0900-15 on 1.1-billion euros.
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Sterling heads for weekly dive versus robust yen

Sterling heads for weekly dive versus robust yen By Amanda Cooper LONDON, Dec 8 (Reuters) - The pound closed in on its largest weekly fall against the yen in a year on Friday, driven by a strong cash flow into the Japanese currency after authorities in Tokyo hinted at a long-awaited change in monetary policy. Sterling is also heading for its worst weekly performance against the dollar in a month, but was firm against the euro.
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FX options wrap - Highlighting crucial FX changes

BUZZ-FX options wrap - Highlighting crucial FX changes Changes in FX option market implied volatility represents changes in realised volatility and its future expectations - highlighting some crucial signals. Overnight expiry is now 10-am New York/15.00 GMT on Friday and therefore includes the U.S. jobs data, but related implied volatility gains were limited.
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Sterling sinks vs supercharged yen, steady vs dollar

Sterling sinks vs supercharged yen, steady vs dollar By Amanda Cooper LONDON, Dec 7 (Reuters) - The pound edged up against the dollar and the euro on Thursday, but sank against the yen, as investor expectations mounted that the Bank of Japan could signal an end to its ultra-easy monetary policy next week. Sterling lost 1.3% in value against the yen GBPJPY= , its largest one-day drop against the Japanese currency in nearly five months.
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Dollar at 2-week high, euro softer as market bets on rate cuts

FOREX-Dollar at 2-week high, euro softer as market bets on rate cuts Updated at 2010 GMT By Hannah Lang WASHINGTON, Dec 6 (Reuters) - The U.S. dollar was at a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank (ECB) will cut interest rates as early as March. Although markets are still pricing at least 125 basis points of interest rate cuts from the U.S.
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Dollar touches 2-week high, euro weaker as market bets on rate cuts

FOREX-Dollar touches 2-week high, euro weaker as market bets on rate cuts Updated at 1533 GMT By Hannah Lang and Samuel Indyk WASHINGTON/LONDON, Dec 6 (Reuters) - The U.S. dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank (ECB) will cut interest rates as early as March.
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FX options wrap - Poised for more FX volatility from data, central bank meetings

BUZZ-FX options wrap - Poised for more FX volatility from data, central bank meetings Higher G10 FX option implied volatility is consistent with higher FX realised volatility amid a recovery in the US dollar and the risk of more volatility from upcoming data and central bank meetings. One-week expiry implied volatility is higher in all of the major pairings ahead of Friday's US Jobs data and it will increase again on Thursday to reflect any additional risk premium over next week's policy decisio
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Sterling at strongest in three months versus euro

Sterling at strongest in three months versus euro By Alun John LONDON, Dec 6 (Reuters) - The pound hit its strongest against the euro in three months on Wednesday, as signs of economic weakness in the euro zone and market expectations that rate cuts will come earlier next year in Europe than Britain weighed on the common currency. The euro dipped as much as 0.22% against the pound to 85.54 pence, its lowest since early September, before recovering a touch to trade broadly flat on the day.
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Euro may ebb further unless ECB fights dovish tide

BUZZ-COMMENT-Euro may ebb further unless ECB fights dovish tide Dec 6 (Reuters) - Euro longs may find themselves deeper under water unless the European Central Bank and its President Christine Lagarde fight the dovish tide at its final monetary policy meeting of 2023 next week. Weak German industrial orders data spurred another dovish shift in ECB rate expectations on Wednesday, with markets now close to pricing a cumulative 150 basis points of cuts to 2.5% in 2024. The dismal German data came 2
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Sterling slips through support as downside risks increase

BUZZ-COMMENT-Sterling slips through support as downside risks increase Dec 5 (Reuters) - The recovery in the dollar has extended further prompting, sterling to slip below support at 1.26 and raising risks of a deeper setback, with little in way of notable support until 1.25 and 1.2477 below (200-DMA). U.S. data continues to paint a goldilocks environment as a miss in JOLTS was offset by the stronger-than-expected ISM services PMI data.
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BoE MPC hawks: Pound won't like it if 3 becomes 2

BUZZ-COMMENT-BoE MPC hawks: Pound won't like it if 3 becomes 2 Dec 5 (Reuters) - Sterling might cede some of its recent gains against the euro and dollar if the minority of Monetary Policy Committee members voting in favour of a Bank of England interest rate rise falls for a third consecutive meeting. If the number of MPC hawks voting for a hike declines from three next week, it would be a boost for doves advocating a BoE rate cut as early as spring 2024. Megan Greene, Jonathan Haskel and Cather
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Sterling close to 3-month high versus euro as markets bet on ECB rate cuts

Sterling close to 3-month high versus euro as markets bet on ECB rate cuts Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv By Stefano Rebaudo (Reuters) - Sterling hovered around its highest levels in almost three months against the euro on Tuesday, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England.
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Sterling struggles against stronger dollar

Sterling struggles against stronger dollar LONDON, Dec 4 (Reuters) - Sterling fell against a broadly stronger dollar on Monday , as traders mulled what the Bank of England might signal at its next policy meeting amid growing confidence that the Federal Reserve will soon be cutting interest rates. At 1156 GMT, sterling GBP=D3 was 0.2% down against the dollar at $1.26865. With little market-moving news out of the UK, traders remain focused on key monthly U.S.
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FX options wrap - Huge expiries, NFP and cenbank alerts

BUZZ-FX options wrap - Huge expiries, NFP and cenbank alerts Plenty of huge FX option strikes expire in the week ahead and are worth noting for any related cash hedging flows that could impact the FX spot prices ahead . Stand out strikes in EUR/USD are on Wednesday at 1.0800 on 3-billion euros, AUD/USD on Thursday at 0.6545 on A$3-billion and 0.6650 on A$2.4-billion and in NZD/USD on Wednesday at 0.6100 on NZ$1.7-billion.
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Many big FX option strike expiries for the week ahead

BUZZ-COMMENT-Many big FX option strike expiries for the week ahead Dec 1 (Reuters) - The cash hedging of soon-to-expire FX option strikes can influence FX price action by adding to any nearby support/resistance while potentially drawing and containing spot near the strikes, and there are plenty worth noting for the week ahead. The largest EUR/USD strikes on Monday are at 1.0820-25 on 1.8-billion euros, 1.0860-65 on 1.6-billion, 1.0925 on 1.4-billion and 1.0950 on 1-billion euros.
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Sterling hits fresh 2-1/2 month high versus euro, central banks in focus

REFILE-Sterling hits fresh 2-1/2 month high versus euro, central banks in focus Fixes typo in headline Dec 1 (Reuters) - Sterling hit a fresh 2-1/2-month high versus the euro as markets increased their bets on European Central Bank (ECB) rate cuts while remaining roughly unchanged on the Bank of England (BoE) policy path. The pound was slightly higher versus the dollar after recording the day before its biggest monthly gain in a year, given pressure on the U.S.
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FX options wrap -Month-end, USD recovery, central bank risk

BUZZ-FX options wrap -Month-end, USD recovery, central bank risk Month end FX hedge rebalancing flows have muddied the waters over recent sessions and helped to generate an increase in traded FX volumes and volatility that have benefited shorter dated FX option implied volatility. EUR/USD options never displayed any real demand or premium to cover an extended rally above 1.1000 .
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Pound posts best monthly rally in a year

Pound posts best monthly rally in a year LONDON, Nov 30 (Reuters) - The pound eased against the dollar on Thursday but was still headed for its biggest monthly gain in a year, given pressure on the U.S. currency from growing expectations for the Federal Reserve to cut rates earlier than many other central banks. Sterling has made more modest inroads against the euro EURGBP=D3 .
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