European Central Bank Executive Board member Isabel Schnabel cautioned that the recent decline in oil prices should not be interpreted as a return to pre-war inflation conditions, arguing that underlying price pressures remain elevated. “Does the decline in oil prices mean that we are back to the pre-war situation? I don’t think so,” she said […]
The post ECB’s Schnabel: Falling Oil Prices Don’t Mean Inflation Battle Is Over appeared first on ActionForex.
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Sterling’s rally has been about more than better sentiment toward the UK. It has been driven by the disappearance of one of the market’s biggest bearish trades. As political uncertainty faded following the resolution of Read more…
Key Highlights GBP/USD started a recovery wave and surpassed the 1.3320 resistance. A key contracting triangle is forming with support at 1.3290 on the 4-hour chart. EUR/USD struggled to extend its recovery wave above the Read more…