FOREX MARKET TRADER NEWS
28-Mar-24 // 16:10 PM
A First Fed Rate Cut in June Seems Highly Premature
USA
German Bunds outperformed US Treasuries yesterday on milder than expected Spanish CPI and soft comments from Italian ECB board member Cipollone. He suggested that the ECB might be able to reduce rates swiftly as the to give the economy a chance to recover as inflation
16:19 PM
Pound Sterling faces pressure on firm BoE rate cut bets
United Kingdom
The Pound Sterling (GBP) drops to 1.2600 against the US Dollar in Thursday's European session. More broadly, the GBP/USD pair struggles for direction as investors wait for fresh cues about when the Bank of England (BoE) will begin reducing interest rates.
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