GBP/USD recovers from 1.1940 as US Dollar refreshes day’s low, Fed Powell’s speech eyed – by Sagar_Dua24 GBPUSD Fed BOE SEO GDP
. S&P500 futures have turned green after a weak start in early Tokyo as investors are returning to the risk-sensitive assets.
As the inflation rate is extremely far from the targeted rate of 2%, consideration of a halt in the rate hike regime is not in the picture.Investors are expecting fireworks in Cable in Wednesday’s New York session as the United States economy will report multiple triggers. Right from the US Automatic Data Processing Employment, Gross Domestic Product , and core Personal Consumption Expenditure to Fed’s Beige Book, investors might keep juggling in bullish and bearish positions.
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