Demand for the dollar increased last week due to geopolitical tensions. The US economy added 254,000 jobs, well above estimates of 140,000. Markets are pricing a 95% chance of a 25-bps November Fed rate cut. The GBP/USD forecast shows a solid downtrend after Friday’s upbeat US jobs report boosted the dollar. Meanwhile, the pound remained...
Powell’s hawkish speech dashed hopes for a 50-bps rate cut in November. Data from the US showed a tight labor market. Middle East tensions increased demand for the safe-haven dollar. The GBP/USD weekly forecast shows a sudden shift in sentiment to the downside as the dollar regains its shine. Ups and downs of GBP/USD The...
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