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Major currencies have been in freefall over the last few months as the Fed remains steadfast in its goal to tame U.S. inflation The fixed-income market has become unglued as Forex volatility surges A...
Unlike equity markets, where a fall of more than 20% from a peak is called a bear market, definitions in FX markets are somewhat looser. Suffice it to say that GBP/USD is the worst-performing G10...
Last week, we said there has not yet been a final capitulation in many markets. However, we have seen such a capitulation in the GBP/USD, often followed by global market reversals.We could see both...
GBP/USD crashed to a record low and then bounced Fears over mismanagement of UK economy high, but will BoE act? Volatility means lots of trading opportunities for short-term speculators The pounding...
The Pound Sterling is plummeting against the USD. On Monday, after retreating to and testing 1.0350, the lowest bottom since 1985, GBP/USD has returned to 1.0590.However, it’s not only because...
Cable traders will remember Friday for a long time.The UK government’s announcement of a “mini” budget cutting taxes and capping energy bills has spooked international investors,...
Actions and reactions. That is one way to sum up the week that was in the markets, as events – both big and small – reverberated through Wall Street and beyond.First, yesterday’s...
The GBP/USD pair tumbled on Friday, losing more than 3% on the day, making this its worst weekly decline since 2020.The pound weakened across the board and fell to its lowest level since 1985 against...
In the following video, OANDA Senior Market Analyst Craig Erlam discusses the British Pound, which has fallen to its lowest level since 1985.
The Bank of England (BoE) has defied market expectations by raising interest rates by 50bps at its September meeting. Implied pricing showed that market participants were skewed towards a bigger 75bps...
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