Posts Tagged ‘Election’
GBP Braces for BoE Rate Decision; EUR and USD Eyes Turn to ECB and U.S. Election Outcomes
GBP The spotlight in the UK FX market is on Thursday afternoon, when the Bank of England (BoE) will announce its latest interest rate decision. Currently, inflation has eased to 1.7%, below the BoE’s target of 2%. Markets are widely anticipating a 0.25% rate cut, which would bring the base rate to 4.75% Despite the…
Read MoreGBP Awaits Key Budget Update, EUR Pressured by Rate Cut Bets, USD Eyes Economic Data and Election Dynamics
GBP The UK budget announcement on Wednesday is expected to weigh on the Pound as markets anticipate potential increases in government spending and public debt. With economic challenges intensifying, any indication of aggressive fiscal policies or higher borrowing could erode investor confidence and apply further pressure on Sterling. If the budget fails to address concerns…
Read MoreSterling Upbeat on Economic Growth, Euro Flattens & Dollar Shows Strength Amid Election Speculation
GBP Sterling has experienced significant movement as of late, boosted by a resilient economy and hopes for political stability. Top tier banks are optimistic about the Pound’s performance, with forecasts suggesting it will continue to strengthen. This year, the Pound has been the best-performing major currency, climbing around 2% against the Dollar to 1.30 (now…
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