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GBPUSD Technical Analysis - US Dollar Strength
The Fed members and Fed Chair Powell keep on repeating that they expect two or more rate hikes if the data remains strong. Since the last FOMC meeting, the data kept on surprising to the upside with very strong housing market indicators, solid US Jobless Claims, US Services PMI in expansion and a strong consumer confidence report. This has led to a more hawkish repricing in interest rates expectations that ultimately favoured the US Dollar.The BoE surprised with a 50 bps rate hike last week as t...
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Posted: Jun 30 2023, 07:14
Author Name: forexlive
Views: 111078