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Last week Sterling shed over 400 pips versus the Dollar. Yesterday the pair witnessed a technical recovery as the Asian and European desks ditched the US dollar. GBPUSD (Cable) rose to a high of 1.5128, before trimming gains to close the day around 1.5113. The Dollar did find some love…
After the Fed hinted at their intentions to move ahead with tightening as soon as possible, market participants have scrambled to rebalance their portfolios in a way that will allow them to take advantage of this development should it take place in December. Yesterday pretty much revolved around the lower…
An interest rate hike in the States could well be back on the cards following the Federal Open Market Committee (FOMC) statement last night. Despite keeping rates on hold for now, the statement outlined that the FED expect the economy to continue to grow at a moderate pace, while global…