UK inflation beat expectations and accelerated markedly, but this only temporarily boosted the Pound. GBPUSD came under further selling when it broke above 1.2700. CPI rose 0.6% in October, and annual inflation accelerated from 1.7% to 2.3%, the highest since March. These fluctuations around the target do not yet look like a significant threat of […]
Will Fed officials be the first to cut rates or will the ECB beat them to it? Falling inflation everywhere means a bearish US dollar is not a given Yen stands to gain from rate cuts as BoJ may hike Is sterling set for another bumpy year? Aussie and kiwi pin hopes on China recovery, […]
The post FX Year Ahead 2024: As the Race to Cut Begins, Which Currency Will Come Out the Winner? appeared first on Action Forex.
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