Market Insights: Fed Raises Rate, BoE Next?

No surprises by the Fed in yesterday’s meeting as they increased its benchmark interest rate by half a percentage point. In addition, the central bank outlined a program in which it eventually will reduce its balance sheet by $95 billion a month. Now it’s the turn of the Bank of England as they look to tackle inflation. Will there be any surprises today?

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EURUSD 01:40

GBPUSD 03:00