The British Pound has been undermined against the US Dollar after breaking below several technical levels last week while it appears range-bound against the Euro. Lower GBP/USD?
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The British Pound has been undermined against the US Dollar after breaking below several technical levels last week while it appears range-bound against the Euro. Lower GBP/USD?
from DailyFX – Market News https://ift.tt/lZNaQ9G
via IFTTT
The US Dollar mostly underperformed against its major peers last week as oil prices rallied. Ahead, EUR/USD, GBP/USD and USD/JPY will be eyeing the Fed, BoE and BoJ. What else is in store for markets in the week ahead?
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USD prices hold strong heading into the FOMC meeting this week with market forecasts opting for a rate pause. Where to next for the DXY?
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The Bank of England (BoE) is set to raise interest rates again next week by 25 basis points. A dovish hike however may leave Sterling vulnerable to further losses.
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Gold prices bounce back on risk-off sentiment despite rising Treasury yields, but the rebound could be temporary, especially if the Fed embraces a hawkish language at its September meeting.
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