The Bank of England cut rates by 25-bps. Markets expect two to three BoE rate cuts in 2025. The Federal Reserve also lowered borrowing costs by 25=bps. The GBP/USD outlook shows a pause in yesterday’s rally as traders lock in profits. The pound rose on Thursday after the Bank of England lowered borrowing costs and...
The dollar had a strong bullish day on Wednesday after Trump won the election. Market participants prepare for a rate cut during the FOMC policy meeting. The US reported an addition of 12.000 jobs in October. The EUR/USD outlook shows a rebound in the euro after reaching new lows due to Wednesday’s Trump trade. Market...
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