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7 Mar 2025

GBP firm but lags EUR – Scotiabank

Pound Sterling (GBP) is a little stronger on the session but, again, trends largely reflect the broader tone of the USD rather than any GBP-specific developments, Scotiabank's Chief FX Strategist Shaun Osborne notes. 

EUR/GBP rebound nears major trend resistance

"Hefty GBP losses versus the EUR this week may draw a veil over the GBP’s longer run improvement on the cross—at least for now– and solidify EURGBP support around the 0.82 point." 

"Cable gains are testing retracement resistance (61.8% Fibonacci resistance of the 1.34/1.21 drop seen between September and January) at 1.2924. A clear push through the low 1.29s targets additional retracement gains towards 1.31. Support is 1.2865. Note that EUR/GBP’s rebound is nearing major trend resistance at 0.8425."

Mar 7, 2025

Canada Unemployment Rate holds steady at 6.6% in February vs. 6.7% expected

The Unemployment Rate in Canada held steady at 6.6% in February, Statistics Canada reported on Friday.
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Mar 7, 2025

Turkey Treasury Cash Balance fell from previous -204.9B to -397.602B in February

Turkey Treasury Cash Balance fell from previous -204.9B to -397.602B in February
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