EBC Daily Snapshot Augl 1, 2024

The US dollar fell Thursday as the Fed hinted at a September rate cut. Powell said a pivot is possible if disinflation continues as expected.

EBC Financial Group
Tür: STP, ECN
Düzenleme: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The yen is about to become a favourite

The yen is about to become a favourite

•    The pound has assessed the budget, and now its fate is in the hands of the Bank of England. •    The Bank of Japan is paving the way for a rate hike.
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GBP/USD Regains Footing, but Underlying Doubts Persist

The GBP/USD pair is edging higher, trading around 1.3239, following a pause in its five-day rally. While the pair has returned to positive territory, investor focus has shifted to the underlying health of the UK economy and the credibility of the newly announced budget measures.
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