USD – The dollar fell on Wednesday as Treasury yields slid due to fear the US economy could slide into recession after Fed Chair Powell said higher rates are painful but are the means the bank has to slow inflation.
GBP – The pound eased on Wednesday after UK CPI hit 40-year highs, raising worries over an economic slowdown, just as the BoE looks set for more interest rate hikes in the coming months.
GBP – The pound eased on Wednesday after UK CPI hit 40-year highs, raising worries over an economic slowdown, just as the BoE looks set for more interest rate hikes in the coming months.