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GBP/USD trades below 1.3480 as Dollar steadies near 97.60 after Fed’s 25 bps rate cut.UK Retail Sales beat expectations at 0.5% MoM, but fiscal worries cap Sterling’s upside against Greenback.Quad witching adds volatility risks, while traders eye US data and Fed speakers next week. The British Pound

Today’s Bank of England announcement has come and gone without too much alarm, with the MPC largely ticking all of the expected boxes. We were not remotely surprised to see the arch doves Dhingra and Taylor again vote for a cut. The pace of quantitative tightening was also slowed roughly in line wit

Silver trims earlier losses after dipping to a five-day low, with traders cautious ahead of the Fed’s interest rate decision.The Fed is expected to cut rates by 25 bps, with Powell’s guidance likely to shape the near-term path for markets.Momentum indicators show consolidation, with RSI at 64 and AD

Summary The Bank of Canada (BoC) resumed its monetary easing at today's announcement, lowering the policy rate by 25 bps to 2.50%. The central bank said a weaker economy, combined with less upside risk to inflation, justified today's rate cut. While the central bank's assessment of the economy's pro

The pound is the second best performer in the G10 FX space at the start of the week as the dollar crumbles ahead of the Fed meeting on Wednesday. The pound is at its highest level since July, even though yields are falling and the FTSE 100 is lagging a broader European equity market rally. The move

On the radarFitch Ratings has revised Poland’s outlook to Negative from Stable while affirming its long-term foreign-currency issuer default rating at ‘A-’.Today, at 9 AM CET, Czechia will publish trade balance in July, industrial output growth as well as unemployment rate in August.Slovakia will re

We’ve seen a mild rebound in the pound since Tuesday, with sterling recovering around half of its losses against the dollar in the past few trading sessions. Bonds have bounced back globally and the 30-year gilt yield, which earlier in the week spiked to its highest level since 1997, has dropped mor

USD/CHF struggles ahead of US JOLTS Job Openings and the Fed Beige Book due on Wednesday.The CME FedWatch tool indicates that more than 89% of a 25-basis-point Fed rate cut is expected in September.Thursday’s Swiss CPI data will likely provide insights into the SNB's policy outlook for September. US