Safe-havens – USD, CHF and JPY came under pressure on Wednesday as traders turned more positive about the global economic outlook, even as Omicron cases rocketed and investors braced for more volatility.
Indeed, Brown Brother Harriman argue that “risk-off impulses continue to ebb. we are likely in a consolidative period for now given the lack of any major new drivers.”
GBP – Sterling rose on Wednesday, despite official data showing Britain’s economy grew more slowly than previously thought in Q3 as participants found solace in reports that the UK government would not be announcing further coronavirus restrictions this side of Christmas.
Indeed, Brown Brother Harriman argue that “risk-off impulses continue to ebb. we are likely in a consolidative period for now given the lack of any major new drivers.”
GBP – Sterling rose on Wednesday, despite official data showing Britain’s economy grew more slowly than previously thought in Q3 as participants found solace in reports that the UK government would not be announcing further coronavirus restrictions this side of Christmas.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.