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Editors’ Picks
GBP/USD hovers around 1.3200 as USD finds its feet
GBP/USD is off multi-month highs to tread water near 1.3200 early Monday. The US Dollar attempts a minor recovery amid souring risk sentiment, acting as a headwind for the pair. Middle East geopolitical risks and US Durable Goods data are closely eyed.
Powell Keeps the door for 50bps rate cut open
The USD was the weakest performer in the G-10 forex space last week, As Fed Chair Powell delivered another policy pivot at the Jackson Hole conference. Powell’s message that the ‘time has come’ for rate cuts provided greater conviction to the markets on a September rate cut.
Moneta Markets review 2024: All you need to know
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