Cable is falling for the 7th consecutive day amid escalating fears (and possibilities) of a no-Brexit-dea, while GBPJPY breaks below 142, now eyeing 139.00. The euro is now threatening a breakdown towards 1.1360 after damaging a crucial symmetrical triangle.
The Fed's Evans helped confirm the central bank's intention to hike twice more this year. He said the debate about continuing gradual hikes will intensify next year. Between the lines: the debate won't take place this year with hikes basically baked in.
USD re-emerged yesterday despite flat PPI compared to a 0.2% rise expected. That sets up today's CPI release, which is forecast to rise 2.9% y/y. The one-off items that Yellen lamented last year are beginning to roll off now and that should slow inflation.
Last modified on Sunday, 24 February 2019