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BOJ signals a possible rate hike next month while the Fed is priced for a December cut amid dovish Fed chair expectations. GBPUSD showed volatility around UK's fiscal forecasts. NZD and AUD rise on h…
The OBR forecast shows a more optimistic fiscal outlook for the UK, increasing fiscal headroom and predicting falling borrowing, supporting GBPUSD recovery to 1.3160 amid steady gilt yields.
The UK OBR prematurely published fiscal forecasts, showing increased fiscal headroom from tax hikes and spending. GBP/USD initially rose then fell amid mixed reactions, with volatility expected as ma…
UK's OBR unexpectedly reveals a major tax-heavy fiscal outlook, causing GBPUSD to initially rise then sharply reverse. The aggressive tax increases and political uncertainty weigh negatively on GBPUS…
Sterling strengthened after UK budget forecasts improved fiscal outlook despite tax hikes, while US rate cut bets boosted global stocks. The Bank of Japan may hike rates soon, and NZ cut rates but en…
The pound weakened against the dollar amid concerns over the UK's fiscal outlook ahead of the Bank of England meeting and the upcoming Autumn budget, with expectations of a downgraded productivity fo…