After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
GBP/USD: forecast for September 11-15
The upcoming days will be very eventful for the pound. The nation will release CPI on Tuesday and labor market data on Wednesday. On Thursday, there will be a release of retail sales and the Bank of England’s meeting. The last time consumer inflation – although at 4-year high – didn’t accelerate and the central bank sounded more dovish than expected, which led to a decline in the British currency.
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Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
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