Fed takes center stage as all eyes shift towards dot-plot projection. Currency implied volatility signals big move.
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Fed takes center stage as all eyes shift towards dot-plot projection. Currency implied volatility signals big move.
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With both the Fed and the BoE giving their latest monetary policy decisions, and thoughts, over the next 24 hours, GBP/USD is likely to become increasingly volatile.
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European equities are lacking buyer support ahead of the FOMC interest rate decision
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All eyes shift toward central banks this week with the Federal Reserve up first. Whether or not interest rate hikes be brought forward will likely set the precedent for other central banks.
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The suspension around Europe of usage of the AstraZeneca/Oxford coronavirus vaccine continues to weaken the Euro and that could mean further losses for EUR/GBP.
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