FX markets are directionless; trade Brexit sound bites - TeraFX

“At the moment, FX markets are directionless”, says Steve Woodcock, Head of Risk Management at TeraFX while shares his outlook on the FX pairs. Woodcock sees Sterling being more responsive to Brexit sound bites in the short run. “Whether the Brexit talks are going well or going bad - that sort of thing will move the Pound”, he adds.

Key quote - Dollar will eventually turn higher as the Fed is tightening faster than expected

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