GPB/USD has started to consolidate around the psychological 1.2500 level. Volatility could pick up with key risk events: the FOMC rate announcement on Wed. and the Bank of England's monetary policy decision Thurs.
wants to get to a neutral stance. Any indication that an accelerated pace of hikesmay be viewed as a bearish catalyst for the greenback.
will be the new normal until data points to a sustained pullback in inflation, theits major peers, such asBank of England is seen lifting its key rate by 25 bps to 1%, the highest level in 13 years and the, the institution led by Andrew Bailey may offer guidance on how it plans to further trim its £847 billion portfolio, though many analysts believe policymakers will punt on the decisionoutright gilt...
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