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💱Textbook G10FX Carry Kicks In On Friday Session: Cable FX Macro

  • Now that we have the FOMC, BoE, and BoJ out of the way, the G10FX is seen trading in favour of high-yielding currencies while low-yielders lag

  • The dollar is mixed as the yen falls by almost 1%, and the franc declines circa 0.4%. Sterling leads the group and the euro is flat

  • The pound is favored as traders trim BoE rate cut bets and retail sales topped expectations. The chart below shows Friday spot % performance vs USD and deposit rates (yield)



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