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GBPUSD Technical Analysis - Pound on fire

The Federal Reserve this week was a bit more hawkish by keeping interest rates steady at 5.00-5.25 but raising their projected terminal rate by 50 basis points in the Dot Plot. The FOMC decided to take a pause in this meeting to gather additional economic data before deciding on a possible interest rate hike in July. Their caution may be justified by the weaker details in the latest NFP report, the ISM Services PMI report, and the CPI report, which showed a sticky and high core inflation though... Read More

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Content Topics

Gbpusd

Technical

Analysis

Pound

Fire

Forex

Posted: Jun 16 2023, 06:45

Author Name: forexlive

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