💱Textbook G10FX Carry Kicks In On Friday Session: Cable FX Macro

• Now that we have the FOMC, BoE, and BoJ out of the way, the G10FX is seen trading in favour of high-yielding currencies while low-yielders lag

• The dollar is mixed as the yen falls by almost 1%, and the franc declines circa 0.4%. Sterling leads the group and the euro is flat

• The pound is favored as traders trim BoE rate cut bets and retail sales topped expectations. The chart below shows Friday spot % performance vs USD and deposit rates (yield)