LONDON, Nov 3 — Sterling was broadly unchanged today but within striking distance of its almost three-week lows versus the dollar and the euro ahead of crucial central bank policy meetings in Britain and the United States. Investors expect the Federal Reserve to detail plans to end its...
LONDON, Nov 3 — Sterling was broadly unchanged today but within striking distance of its almost three-week lows versus the dollar and the euro ahead of crucial central bank policy meetings in Britain and the United States.
Meanwhile, the Bank of England heads into its most unpredictable interest rate decision in years on Thursday. Sterling traders are keen to understand the Fed’s inflation outlook and whether its timeline for rate normalisation might encourage the BoE to delay hiking. But only “one of the three is likely to generate sterling strength”, they said, adding they maintained a short GBP-USD trade idea targeting 1.3450.
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