This week is set to be another volatile one in the financial markets. Following the recent passage of President Trump’s significant tax bill, markets now find themselves in an intriguing position, with traders weighing both economic optimism and geopolitical uncertainties.
Pound Sterling has fallen against both the Euro and US Dollar over the past 24 hours as markets have digested what seems to be a lack of confidence from investors in The UK's economic outlook.
UK housing prices fell by 0.8% in June, its largest drop in two years. Experts within the market did calm down speculations concerning the movement for the UK housing market.
It’s been a volatile week for the currency markets, especially for USD-pairs. With a combination of economic data and geopolitical risks have shifted the USD against EUR and GBP into red throughout the week.
The US Dollar has slipped to more than a 3-year low as Donald Trump has doubled down on his calls for lower interest rates, criticising Fed Chairman Jerome Powell in the process.
US Dollar struggles have continued through this morning as the ceasefire in The Middle East looks to have eased tensions in the region.
The markets endured yet another week of heightened volatility, driven primarily by escalating geopolitical tensions. After weeks of speculation, President Trump ordered anticipated military strikes targeting Iranian nuclear facilities, confirming direct U.S. involvement in the ongoing Middle East conflict.
The Bank of England held interest rates steady at 4.25% during its policy meeting yesterday but signalled a growing appetite for easing in the near term.
