GBP/USD

GBP/USD: The GBP/USD has melted down during the course of the week as we have seen the Bank of England step away from its interest rate hiking cycle, suggesting that perhaps we are going to continue to see lackluster performance coming out of Great Britain. Furthermore, although the Federal Reserve held firm, it does look like the Fed is going to remain ...

The Federal Reserve interest-rate forecast issued this week was more hawkish than almost anyone imagined. Despite what chair Jerome Powell acknowledged as three straight good inflation reports, policymakers now expect to hold their key rate a half-percent higher through 2024 than they envisioned in June. With the Fed still indicating one more hike is likely ...