{"id":55994,"date":"2021-12-01T22:37:06","date_gmt":"2021-12-01T18:37:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55994"},"modified":"2021-12-01T22:37:28","modified_gmt":"2021-12-01T18:37:28","slug":"gbp-usd-surges-on-boe-and-feds-rate-intentions","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-surges-on-boe-and-feds-rate-intentions\/12\/01\/market-updates\/","title":{"rendered":"GBP\/USD Surges on BoE and Fed\u2019s Rate Speculations"},"content":{"rendered":"\n<p>The GBP\/USD is trading at 1.3311 and higher by 0.12% on the day so far. The pair has recovered from a low of 1.3276 and has reached a high of 1.3352 so far.<br><br>DXY, an index that measures the US dollar vs a basket of currencies spiked around 40 points during his testimony to the Senate on Tuesday.<br><br>Powell said, &#8220;we are actually at our next meeting in a couple of weeks going to have a discussion about accelerating that taper by a few months\u201d.<br><br>He also pledged to bury the term \u201ctransitory\u201d and instead recommends Fed policymakers to consider explaining more clearly what the Fed thinks\/means when it is talking about inflation.<br><br>However, the US dollar fell back to the start again due to a relatively strong Euro. Data from yesterday came in hot for both the German Unemployment Rate and Eurozone inflation. <br><br>The British pound holds near the 2021 low versus the greenback as doubts grew on whether the Bank of England will raise interest rates at a policy meeting this month. The BoE said in November it would probably have to raise rates from an all-time low of 0.1% &#8220;over the coming months&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD is trading at 1.3311 and higher by 0.12% on the day so far. The pair has recovered from a low of 1.3276 and has reached a high of 1.3352 so far.DXY, an index that measures the US dollar vs a basket of currencies spiked around 40 points during his testimony to the Senate &hellip;<\/p>\n","protected":false},"author":13,"featured_media":38563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6934,6837,6870,7034,8185,6987,7164,6871],"class_list":["post-55994","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dxy","tag-eurozone","tag-gbp","tag-gbp-usd","tag-german-unemployment","tag-inflation","tag-powell","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55994"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55994\/revisions"}],"predecessor-version":[{"id":55999,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55994\/revisions\/55999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/38563"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}