[vc_row][vc_column][vc_column_text]GBP and USD slump as central banks prove more cautious than hoped

Monetary policy was the focus for the pound and US dollar last week, while the euro was unsettled by weak price growth data.

The pound is continuing Friday’s recovery today, with GBP/EUR up 0.3% to €1.1299, while GBP/USD has climbed 0.4% to US$1.3123.

The pace of UK and US data slows dramatically this week, which could leave GBP and USD trending sideways for several sessions. The Eurozone calendar is busy with policymaker speeches, while Australia and New Zealand will both witness the announcement of decisions upon interest rates.

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* Information courtesy of Currencies Direct
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