Bank of England Delivers a Dovish Hike, GBP/USD Reacts Lower
The pair drops after the Bank of England hiked rates for third straight time, but appeared less certain for their future path, while one official voted for keeping them steady
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The pair drops after the Bank of England hiked rates for third straight time, but appeared less certain for their future path, while one official voted for keeping them steady
The Federal Reserve hiked rates for the first time since 2018 on Wednesday, sending the pair to new highs, as the policy differential between the central bank of US and Japan favors the greenback
Read the daily market update as the European session gets underway, to get some of the latest developments, main market moves and upcoming events
The International Energy Agency released it monthly report earlier today and sees a threat from the prospect of disruptions in Russian oil, while USOIL pauses its two-day slump
The pair rises after its poor start to the week, as optimism is prevalent today, while markets prepare for the Fed’s policy decision later in the day
Read the daily market update as the European session gets underway, to get some of the latest developments, main market moves and upcoming events
XAU/USD sheds around 2.5% on the week, retracing from the recent rally that led to nearly two year highs, as investors await the Fed’s monetary policy decision on Wednesday
The pair finds support today as it defends 1.3000, after hitting its lowest level since late 2020, with markets bracing for the upcoming policy decisions by the US and UK central banks
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The pair extends its five year-highs after last week’s stellar performance – the pest since the start of the pandemic
Read the daily market update as the European session gets underway, to get some of the latest developments, main market moves and upcoming events
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