GBPUSD Tumbles as UK Borrowing Surges; Dollar Rebounds after Fed Dot Plot
Dollar rebounds after a Fed rate cut and cautious dot plot; sterling plunges as UK borrowing soars; BOJ dissent lifts the yen. Bitcoin falls roughly 2%.
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Recently added · Page 1Dollar Rebounds, GBPUSD Tumbles on UK Borrowing Shock after Fed's Gradual Cut
The dollar rebounded after the Fed's expected rate cut and dovish dots were less aggressive; sterling slid as UK borrowing surged, while BOJ dissent firmed the yen. Bitcoin slipped about 1.4%.
BOJ Dissent Spurs Yen Rally; EURUSD and GBPUSD Slip on Policy and Fiscal Concerns
BOJ held rates but two dissenters signaled possible hikes, lifting the yen; euro and pound slipped on domestic political and fiscal concerns while markets weigh Fed cut bets and tariffs' long-term do…