Markets think there is now a chance the Bank of England cuts 50 basis points before year-end, courtesy of Governor Andrew Bailey's latest comments.
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Safe haven demand for the Dollar spiked on fears of an Iranian ballistic missile attack on Israel.
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The Dollar is bid at the start of the new month and final quarter of 2024, helped along by Federal Reserve Chair Jerome Powell's latest guidance on interest rates.
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Year-to-date, the GBP/USD is up about 5.3%. While the potential to extend these gains is there, the cable is now less than 70 pips away from testing a key long-term resistance zone between 1.3500 a…
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The Pound to Dollar exchange rate can continue to advance in the coming days according to our Week Ahead Model. Fedspeak and U.S. payrolls are the fundamental risks to the positive setup.
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The British Pound extended its rally against the U.S. Dollar, but month-end flows and overbought conditions could prompt a pullback in the coming days.
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The Dollar is under renewed pressure after two members of the Federal Reserve's interest rate setting committee (the FOMC) signalled the market was right to expect further interest rate cuts.
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