GBP/USD Forecast: Dollar Rebounds from 14-Month Low
The dollar rallied as investors sought safety amid rising tensions in the Middle East. Market participants estimate a 59% chance of another 50 basis point rate cut in November. Sterling…
The dollar rallied as investors sought safety amid rising tensions in the Middle East. Market participants estimate a 59% chance of another 50 basis point rate cut in November. Sterling…
Initially, the dollar strengthened due to escalating Middle East tensions. Markets are pricing in a higher than 59% chance of a massive November Fed tapering. All eyes are on the…
Australia's Consumer Price Index report showed inflation rose by 2.7%. RBA policymakers said they would look beyond falling headline inflation. Data on Tuesday showed an unexpected drop in US consumer…
The People's Bank of China has announced plans to cut borrowing costs by 50 basis points. Bank of Canada Governor Tiff Macklem gave a dovish speech. The dollar fell after…
The RBA kept rates on hold on Tuesday and reiterated its commitment to reducing stubborn inflation. The probability of an RBA cut in December increased slightly to 72%. PMI data…
Monday's data painted a gloomy picture of the eurozone economy. Market participants increased the odds of an October ECB cut to 77%. The US composite PMI remained at 54.4 in…
An unexpected jump in services inflation complicated the outlook for a BoE rate cut. The data revealed an unexpected 1% rise in UK retail sales. The dollar strengthened against a…
The BoJ kept rates on hold on Friday and gave no clear guidance on future rate hikes. Market participants estimate a 49% chance of another big Fed tapering in November.…
The Fed cut rates by 50 bps, kicking off the easing cycle with a bang. Inflation in Canada eased more than expected on a monthly basis. Canadian retail sales jumped,…
The US central bank implemented its first rate cut on Wednesday, sending the dollar sinking. Australian employment data showed faster-than-expected job growth. Market participants will focus on the Reserve Bank…