USD data leading up to the Federal Reserve interest rate decision on 2/1/23 will determine traders bets on a 25 or 50 basis point hike. I believe 75 points are not on the table.
In addition, GBP data has not been great plus high inflation persisting. Two members of the BOE also opposed another rate hike at the last meeting.
I have taken a small short which is also serving as a proxy for EUR/USD short.
In addition, GBP data has not been great plus high inflation persisting. Two members of the BOE also opposed another rate hike at the last meeting.
I have taken a small short which is also serving as a proxy for EUR/USD short.