GBP Suffers on the BoE’s Bleak Outlook

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Contractionary monetary policy is utilized by central banks to reign in an overheating economy and surging inflation. Find out what tools are used and how they work

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The US economy created 528,000 new jobs in July, beating expectations by a wide margin and signaling that the labor market remains strong and that recession fears may be overblown.

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The index is on course for its third week of gains as investors await US payroll data for clues on Fed rate hikes.

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AUD trades weaker in the midst of global recessionary fears, while markets await U.S. NFP data later today.

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