While Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The GBP/USD weekly forecast leans bullish as market participants expect the Fed to cut rates much earlier than the Bank of England.

US stocks plunged sharply overnight, following Fed's decision to maintain the interest rate at 5.25-5.50%. While Fed finally dropped tightening bias, indicating the peak of the tightening cycle, it firmly dismissed the possibility of an imminent rate cut in March.

In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen's can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety amidst fresh concerns over banking stability. The apprehension in the banking sector has prompted investors to flock to bonds. Meanwhile, it's also bolstering Yen, especially against Australian Dollar, which is currently under pressure due to more l...

While Fed and ECB officials pushed back expectations of interest rate cuts for later than anticipated amidst strong data and the rebound in inflation, the upcoming week is also expected to maintain the centre of the debate around central banks.

Pound US Dollar Exchange Rate Plummets