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Throughout May, the British pound has battled with the $1.30 level against the US dollar. Since April 27th, the majority of trading in GBP/USD has occurred within a narrow range between $1.2845 and $1.30. Only once since that date did the pair manage to post a close above $1.30, which occurred on May 19th at... View article >
The likelihood of a US rate hike in June is falling fast, as is the US dollar. Just one week ago, the implied probability of the Federal Reserve hiking US interest rates at next month’s meeting – a probability derived from prices in Fed funds futures contracts – stood near 85%. As of Monday, that probability had... View article >
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