Will the latest NFP report bring forward Fed’s QE tapering plans & encourage stronger USD? The Global Markets FX Week Ahead Podcast

Lee Hardman, currency analyst, gives his view on U.S. payroll reports from last week, which exceeded expectations with strong employment growth in July. It keeps the Fed on track to announce QE tapering plans later this year and will encourage renewed speculation over even earlier tightening putting a bid into the USD.

Meanwhile, the Bank of England’s latest policy meeting surprised investors with suggestions of policy tightening beginning sooner. This change indicates growing confidence in the economic recovery of the UK; a good news story for GBP. Are the tides turning in the FX markets?

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