Bets for a December interest rate cut by the US Federal Reserve have sharply increased on Friday after an optimistic speech by the New York Fed...
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Maroc - FINANCIALMIRROR.COM - A La Une - 31/Oct 10:41
Sterling-dollar treads water as Fed rate cut bets climb
GBPUSD inches higher after three days of losses, trading around 1.3160 early Friday. The pair holds ground as the US dollar struggles amid improving Federal Reserve rate cut bets. According to the CME FedWatch Tool, markets are now pricing in 71% probability of a Fed rate cut in December, up from 66% the previous day. However, the GBPUSD pair lost ground as the greenback received support following comments from the Fed Chair Jerome Powell, noting that the central bank is struggling to balance its dual mandate of controlling inflation and supporting employment due to limited data availability amid the ongoing
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