Brexit Gridlock Likely to Keep BoE Rates Unchanged - Preview

Brexit Gridlock Likely to Keep BoE Rates Unchanged - Preview

by  Daniela Sabin Hathorn

Bank of England (BoE) officials are likely to vote unanimously to keep the benchmark interest rate unchanged at 0.75% as Britain tries to overcome the political gridlock it faces. GBPUSD was trading ...

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Market Outlook

US
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Today's FOMC rate decision takes place amidst a backdrop of short-term USD-weakness, running in contrast to the bigger-picture theme of strength. Will Dollar bulls make a comeback?
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EURO
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The Japanese Yen may rise as dovish guidance from the SNB and the BOE add to worries about slowing global economic growth in the wake of the Fed rate decision.
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ASIA
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The US Dollar fell as the S&P 500 trimmed sharp gains on a more dovish Fed that downgraded economic projections and rate hike estimates. AUD/USD may rise on a rosy jobs report.
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