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EUR/USD holds steady above 1.0750 ahead of German IFO
EUR/USD is consoldiating above 1.0750 in early Europe. The pair has turned sideways following the footprints of the subdued US Dollar Index, despite the looming global banking concerns and upbeat US PMI data. The immediate focus is now on Germany’s IFO survey.
GBP/USD eases toward 1.2200, Bailey speech eyed
GBP/USD is easing toward 1.2200, erasing early gains ahead of the London Open. A broadly subdued US Dollar is unable to lend support to the pair amid a cautious market mood and persisting global banking fears. Traders await Bailey’s speech for fresh impetus.
Is Deutsche Bank next?
Deutsche Bank has fallen 30% in the past few weeks. It collapsed sharply on Friday, and the Chancellor has had to reassure investors over the weekend that it is a strong bank.
