British Pound Caught in a Three Way Central Bank Crush
StoneXThe British pound is holding long-running support with its weekly opening range intact into UK inflation, the Fed and the Bank of England. Michael Boutros, StoneX Media Senior Market Analyst, walks through a multi time frame look at sterling and maps the week's event calendar onto the levels that matter. UK employment data showed unemployment holding at 4.9%, still a five-year high, with the claimant count adding to the picture of a softening labor market. UK consumer price inflation is expected to tick higher on both the headline and core readings, while markets have moved sharply toward pricing a Federal Reserve move at this meeting and a further one before year end. The Summary of Economic Projections and the dot plot, alongside the Monetary Policy Committee vote count, carry the signal for where policy goes next. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Sterling Pinned Before 3 Votes 00:24 - Weekly Range Survives Again 01:52 - Support Zone Still Intact 03:12 - UK Jobs Hit a 5 Year High 04:01 - Dollar Rides a Fed Repricing 05:13 - 48 Hours Decide Direction Like and subscribe for more financial market insights. #GBPUSD #StoneX #MichaelBoutros #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social