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Knee-jerk reaction to a neutral Fed
Fed shifts into neutral gear. BoE to drop tightening bias? Euro slips to an 8-week low.
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US dollar records worst month in a year
Dollar bounces before Powell speech. 2nd best G10 currency this week. Dovish ECB repricing hurts euro.
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A November to remember
Markets bet on five Fed cuts for 2024. Euro below $1.10 as inflation cools. Pound to dollar overbought.
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US dollar at 3-month low on Fed cut bets
Fed speak still matters. Pound tests $1.27, up from $1.21 this month. Euro briefly breaks above $1.10.
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US dollar nears 4-month low on Fed cut bets
Fed speak still matters. Pound tests $1.27, up from $1.21 this month. Euro briefly breaks above $1.10.
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Caution before direction-setting inflation reports
Treading water before inflation data. Leading indicators consistent with a recession in Q4. Proud pound holds firm.