The British pound fell ~1.15% today, retreating from its recent highs as the Bank of England hinted at potential interest rate cuts. Market expectations are shifting towards a possible 25 basis point reduction in November, influenced by inflation trends.
GBPUSD surged past 1.330 for the first time since March 2022, following the Bank of England's decision to keep interest rates steady at 5.0%. The BoE's unexpected 8-1 voting outcome and ongoing strategy for quarterly rate reductions have shaped market expectations.
Fed cuts deeper than anticipated while BoE is expected to hold rates steady.
Fed’s recent 0.5% rate cut led to a temporary market surge, but stocks ultimately fell as Chairman Powell signaled no imminent further easing. Investors are now focused on the BoE’s decision today, which is expected to maintain rates at 5.0% amid persistent inflation.
FX trading worldwide sees about US$ 7.5 trillion change hands each day, according to the Bank for International Settlements. The US dollar index, GBPUSD, and USDJPY will be especially sensitive to 3 central bank meetings this week, with the Fed taking centre stage.
The British pound fell ~1.15% today, retreating from its recent highs as the Bank of England hinted at potential interest rate cuts. Market expectatio...
GBPUSD surged past 1.330 for the first time since March 2022, following the Bank of England's decision to keep interest rates steady at 5.0%. The BoE'...
Fed’s recent 0.5% rate cut led to a temporary market surge, but stocks ultimately fell as Chairman Powell signaled no imminent further easing. Inves...
FX trading worldwide sees about US$ 7.5 trillion change hands each day, according to the Bank for International Settlements. The US dollar index, GBPU...
Federal Reserve
Bank of England
Bank of Japan
Dollar index
GBPUSD
USDJPY
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