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BoE Cunliffe remarks boost GBP, USD...........>

FOREX
FOREX: BoE Cunliffe remarks boost GBP, USD confirms bullish weekly close
- The USD held firm at the NY crossover, before a liquidation of long positions
pared light gains.
- BoE Deputy Governor Cunliffe remarks boosted GBP that acknowledged the drop in
Q1 was driven by poor weather and supported arguments for the next rate hike at
the August MPC meeting. President Trump bilateral free trade comments, with
added support ahead of the 4pm WMR fix, squeezed back above $1.3200.
 - USDJPY was unable to extend above its European high of Y112.80, later easing
to the Y112.40/45 area. Despite this, USDJPY gained 1.8% on the week and
confirmed a bullish weekly close.
- EURUSD recovered off European lows of $1.1613 to $1.1683, before fading. NZD
remained bottom of the pile with losses of 0.33% against the USD. Last $0.6759.
- SEK underperformed on the week with losses of over 2% on extended react to
Thursday's miss on CPI data and less hawkish minutes.
- Gold's downtrend continued, the yellow metal printed fresh YTD lows of
$1236.56, before a pullback in the USD recovered to $1241/42. 

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