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GBP/USD Weekly Forecast: Critical data to if sterling surrenders to dollar strength

GBP/USD Weekly Forecast: Critical data to if sterling surrenders to dollar strength
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

GBP/USD: Critical data to if sterling surrenders to dollar strength

GBP/USD: Critical data to if sterling surrenders to dollar strength
forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.

Federal Reserve Preview: The Good, the Bad and the Ugly edition, three critical things to watch

Not even thinking of thinking about raising rates  – Powell s famous words echo in investors ears but are growingly ignored. If the economy improves, can the Fed keep borrowing costs glued to 0% until 2023? Bond markets suggest the first hike will come in late 2022. If President Joe Biden does not extend the Fed Chair s term, Powell will be gone early next year and the views of his colleagues will matter more. Hawks in the FOMC may markets already now and even if Powell stays on – by forecasting an earlier rate hike than expected.  While the consensus is set to remain for borrowing costs to remain at zero in the next couple of years, a small minority may bring expectations forward and rattle markets.

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