EBC Daily Snapshot Oct 10, 2024

The US hovered near a two-month high on Thursday as markets grew confident in the Fed's patient monetary policy ahead of a key inflation report.

EBC Financial Group
Type: STP, ECN
Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The pound is waiting for fireworks

The pound is waiting for fireworks

• The US economy is sliding downhill, increasing the chances of aggressive rate cuts by the Fed. • The pound's volatility jumped sharply ahead of Britain's draft budget presentation.
FxPro | 11h 51min ago
Dollar slides as December cut becomes more likely

Dollar slides as December cut becomes more likely

US PPI and retail sales data push the December rate cut odds up to 76% - Pound traders eagerly await the UK Autumn budget announcement - Yen on intervention watch; Kiwi rallies as RBNZ signals no more cuts - Wall Street celebrates dovish Fed bets, oil slides on Ukraine dea
XM Group | 14h 18min ago
GBP/USD Rises as Markets Await Crucial UK Budget

GBP/USD Rises as Markets Await Crucial UK Budget

The GBP/USD pair extended its gains, reaching 1.3189, as investors await details of the UK budget, to be presented today, 26 November. All attention is on Chancellor Rachel Reeves and her strategy to close the fiscal deficit while adhering to the government's self-imposed budgetary rules.
RoboForex | 16h 18min ago