xCruzo
|
FXStreet

British Pound gathers strength to near 1.3300 on Fed policy uncertainty | FXStreet

✦ xCruzo • •🇺🇸🇪🇸
📄 Read Article
British Pound gathers strength to near 1.3300 on Fed policy uncertainty | FXStreet
Browse hubs:CarsAviationMarineMoneySports
xCruzo Brief

Sterling strengthened toward the 1.3300 area in early European trading on Friday, helped by hawkish remarks from Bank of England Governor Andrew Bailey and firmer UK GDP data. Bailey said soaring energy prices so far appear to have limited broader effects on British prices, though he cautioned it’s too early to judge second-round impacts. Markets are increasingly expecting the BoE to start hiking next month after holding policy since February amid the US-Iran war, according to a Reuters poll. On the US side, Fed governor Kevin Warsh said he will assess conditions at the October and December meetings, while IMF event remarks included no “prejudging” ahead of the Fed’s Oct. 27–28 meeting. CME FedWatch priced nearly a 27.1% chance of a hike.

xCruzo quick-read summary • Source: FXStreet • Read the full article for complete information.
📄 Read Full Article →
xCruzo xCruzo
See your VIN Report in 15 seconds — Free
1 in 5 cars has an open recall. Is yours one of them?
Not the dealer’s report. Yours.
Choose your detail level — free to full.
For the price of a coffee.
Check My VIN — Free
Free · No credit card · Instant results
Link copied ✓