GBP/USD (British pound sterling/US dollar)
featuredForex News Live November 28, 2019 Ted 0
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Oil prices rose on Friday morning, as Vladimir Putin said a draft of US-Ukraine proposals could form the basis of a peace deal.
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Rachel Reeves' decision to freeze tax thresholds is controversial, with many observers referring to it as a stealth tax.
Wall Street sees tailwinds like central bank buying and Fed interest rate cuts boosting bullion's value.
Money markets are showing 90% odds that Threadneedle Street lowers the base rate by a quarter of a percentage point in December.
1526 GMT – The U.K. budget is broadly negative for sterling even as the currency rises due to positioning ahead of the announcement, Societe Generale’s Kit Juckes says. Sterling could hold firm for now but faces a hit from more rate cuts over the medium term, he says. 1341 GMT – Sterling rises to a four-week high against the dollar and the euro as investors express relief over the U.K. budget, Rabobank forex strategist Jane Foley says.
Chancellor Rachel Reeves announced more than £26bn in tax rises in the government's long-awaited autumn budget.
Finance minister Rachel Reeves said the leak by the government spending watchdog was "deeply disappointing" and a "serious error."
Experts said the market was placated by forecasts for a larger fiscal buffer and a credible path to lower government borrowing.
The pound was steady against the dollar on Wednesday morning, as investors waited for chancellor Rachel Reeves to deliver the UK's autumn budget.
The yield on 10-year UK gilts, a benchmark for the return the Treasury promises to buyers of its debt, climbed by four basis points to 4.53% ahead of the speech.
The £26bn in tax increases by the end of the parliament come after last year’s budget raised taxes by £40bn.
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US investors are keeping close watch on the Fed, with bets on a rate cut jumping to a 80% probability
Investing.com -- The Canadian dollar is projected to experience a choppy trajectory through 2026 before firming up in 2027, supported by domestic policy measures and economic spillovers from the United States. According to a recent Morgan Stanley note, the CAD is positioned to outperform currencies such as the Swiss franc, the British pound, and the euro in the medium term due to a mix of internal investment, Bank of Canada (BoC) tightening, and growth dynamics.
Gold extended its decline to a third consecutive session, weighed down by a firmer US dollar and uncertainty over the Fed's interest rate trajectory.
Investors are heading into the shortened Thanksgiving trading week still debating the odds of an interest-rate cut.
September’s delayed payrolls came in more than double the consensus.
Oil prices tumbled as renewed hopes of a Russia-Ukraine peace deal raised expectations that this could lead to increased supply on the market
















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