The Reserve Bank of Australia (RBA) is set to announce its interest rate decision on Tuesday, March 19th, 2024, at 2:30 PM Sydney time. This decision will be closely watched by businesses, borrowers, and investors for its impact on the Australian economy.Market Expectation: Holding ScenarioFinancial markets overwhelmingly anticipate the RBA …
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In the middle of the North American session, the Pound Sterling was negatively impacted by the strong US Dollar and high US Treasury bond yields, which supported the US dollar. The GBP/USD pair declined by more than 0.40%.As corporations release their fourth-quarter earnings from the previous year, US markets are …
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Jeremy Hunt, the British Finance Minister, pledged on Friday not to take any action that would “hinder the battle against inflation” amid calls for more significant tax cuts from the right wing of the Conservative Party.“The UK economy has crossed a dangerous turning point in the recent period after the …
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The GBP/USD pair has gained over 1.7% and benefited from the US dollar’s decline on Tuesday. It is convenient to say that UK politics saved the day for sterling bulls. The pair is trading at 1.475Investors welcomed Rishi Sunak as the new UK prime minister where, in his first speech, …
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