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Sterling and Euro jumped sharply following the decisions by BoE and ECB to leave interest rates unchanged, in line with market expectations. Notably, both central banks diverged from Fed’s recent dovish turn, with explicit statements pushing back on the speculation of rate cuts. Bank of England Governor Andrew Bailey, speaking after the rate announcement, emphasized […]

The post Sterling and Euro Surge as BoE and ECB Hold Rates, Contrast Fed’s Dovish Stance appeared first on Action Forex.

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Euro Edges Up on ECB Hawks’ Comments, But Momentum Limited
15/01/2024

Euro Edges Up on ECB Hawks’ Comments, But Momentum Limited

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