With a slew of key central bank comments due this week, Michael Hewson takes another look at the impact of monetary policy expectations on several major currency pairs.
- Comments from the heads of four central banks: Bank of England, Federal Reserve, European Central Bank and the Bank of Canada
- Sterling/Dollar is still looking biased towards the topside, with a short-to-medium term target of $1.5480
- Weakness in the price of crude oil has helped the US Dollar/Canadian Dollar pair rebound towards C$1.28
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.Video content by Michael Hewson of CMC Markets.