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Ukraine Situation To Dominate Pound Vs Euro, Dollar

Mount Equity Group Tokyo Japan > News > Markets > Ukraine Situation To Dominate Pound Vs Euro, Dollar

Ukraine Situation to Dominate Short-Term Exchange Rate Moves, Diplomatic Efforts in Focus

Underlying developments surrounding inflation and monetary policy will remain a key background influence with a particular focus on the Federal Reserve.

Overall risk conditions will, however, tend to dominate on Monday with markets monitoring the Ukraine situation very closely following an escalation in warnings late on Friday that a Russian invasion is imminent.

If fears intensify, there will be further demand for the yen and Swiss franc while risk-related currencies would retreat further.

The dollar would also tend to strengthen against the Euro while defensive assets will correct weaker if there is evidence of tensions easing.

Pound US Dollar Exchange Rate Outlook

The Pound to Dollar (GBP/USD) exchange rate was again unable to hold above 1.3600 on Friday and dipped to around 1.3550 as the US dollar gained…

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