Fundamental Forecast: Pound and Euro Top Fundamental Risks this Week
• Volatility is still the greatest risk to the financial system with 'fear' measures slowly rising
• The top fundamental release this week is the BoE Quarterly Inflation report - a key Pound driver
• Another top billing currency will be the Euro which faces GDP figures to shape ECB stimulus expectations
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. Volatility has been the primary concern over the past weeks and will continue to be my first evaluation of the markets each morning. That said, this week started off on a more stable footing with activity measures slipping translating into a bounce in equity indexes and retreat from safe havens. Neither fundamental current or barometer readings look particularly convincing. Meanwhile, the economic calendar is fills out for two currencies in particular: the British Pound and Euro. The former will see its rate forecasts updated with the release of the BoE Quarterly Inflation report while the later absorbs 2Q GDP.
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