The euro dropped on Monday due to dovish comments from a top ECB official. Eurozone business activity improved in December. The dollar extended its gains as markets anticipated a more cautious Fed. The EUR/USD forecast shows a surge in European Central Bank rate cut bets after dovish policymaker remarks. Meanwhile, PMI data showed a slight...
US inflation data showed an increase in price pressures in November. Market participants scaled back expectations for Fed rate cuts in 2025. Traders expect policy meetings in the UK and the US. The GBP/USD weekly forecast indicates a decline in 2025 Fed rate cut expectations, which is supporting the greenback. Ups and downs of GBP/USD...
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