Pound sterling’s fate hinges on BoE’s stance: Dovish tilt may spur GBP/USD sell-off. Inflation, economic data to guide rate cut timeline.
Source
Bearish View on Sterling Contingent upon Softer CPI, Dovish BoE
access_timeDecember 23, 2024
Latest:
- HSBC still sees Fed rate cuts ahead, another 75bp next year. Higher stocks & USD also.
- PBOC sets USD/ CNY reference rate for today at 7.1870 (vs. estimate at 7.2880)
- Goldman Sachs have revised their US inflation forecast higher, citing Trump tariffs
- PBOC is expected to set the USD/CNY reference rate at 7.2880 – Reuters estimate
- ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
- Market Recap: U.S. stock indices rise today, but close with weekly losses
- Fed vice chair for supervision is worried that Trump will try to remove him – report
- USDCHF reaches its 200 hour MA and swing area target
- EURUSD testing the 100 hour MA and near a key swing area
- GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
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