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  • Odds of a #Fed rate hike by the end of next year jumped following the US CPI report Overall bets of a 25bp hike are up about 35% since the end of last week after #NFPs We still have Fedspeak left this week, but thus far seems markets have been focusing on the data https://t.co/6JR2qzCVg9
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Video: Pound, Dollar and Euro Still Driven by Rate Forecasts

Video: Pound, Dollar and Euro Still Driven by Rate Forecasts

John Kicklighter, Chief Strategist

Talking Points:

• Should risk aversion hit extreme levels, all majors will conform according to their proclivities

• In the meantime, interest rate expectations still have a strong influence over certain currencies

• A five-year low for UK CPI has signaled a significant downgrade in rate forecasts for the BoE

See the DailyFX Analysts' forecasts for the Dollar, Euro, Pound and Gold through the 4Q on our DailyFX Trading Guides page.

When fear or greed hit extreme levels, all other considerations are pushed to the side. Yet, in meantime, interest rate expectations are still critical market movers. Yesterday, we looked specifically at the USDollar which has yet to don the garb of liquidity haven and is currently suffering for the downgraded timeframe for Fed rate forecasts. However, there is a currency with more to lose as a global economic cooling meets building financial concerns: the British Pound. Recognition of a downgraded BoE timetable was made after inflation pressures hit a five-year low. What currencies are most exposed to these changing circumstances? We discuss that in today's Strategy Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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