GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October, but it also highlighted a stagnation in progress toward lowering inflation, keeping the Fed on alert.
GBP/USD holds losses as the US Dollar (USD) advances as the latest US inflation report indicated solid growth in consumer spending for October, but it also highlighted a stagnation in progress toward lowering inflation, keeping the Fed on alert.
Prior -12.5Economic confidence 95.8 vs 95.1 expectedPrior 95.6; revised to 95.7Industrial confidence...
ByglobalreutersNovember 28, 2024Fundamental OverviewWe continue to see a pullback in the US Dollar as...
ByglobalreutersNovember 28, 2024Rate cuts by year-endFed: 16 bps (65% probability of rate cut at...
ByglobalreutersNovember 28, 2024We are aiming for inflation at 2.5%As long as inflation continues on...
ByglobalreutersNovember 28, 2024
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