Powell will have another chance to convince the market about the Fed’s intentions.
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The Pound to Dollar exchange rate soon gave back short-lived gains in midweek trade after the Office for National Statistics (ONS) suggested an inflation genie may be seeping out of a lantern in Lo…
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GBP/USD testing cluster of resistances at 1.2867 & 1.2877 on chart, Bank of England is key risk this week.
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GBPUSD rallied to a new 14-month high as a mixed set of U.S. economic data failed to convince markets the Federal Reserve was certain to raise interest rates in July.
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GBPUSD retreated from earlier highs after the Federal Reserve said it would leave its base interest rate unchanged at 5-5.25%, as expected.
Read more … →GBPUSD neared a key technical test in the form of the 2023 high ahead of the midweek Federal Reserve policy decision that could result in a potential fresh best being set for the year.
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The Dollar was sold after official figures confirmed U.S. inflation is falling sharply amidst an ongoing decline in the price of energy and a broader easing of price pressures, opening the door for…
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