Pound slides amid gloomy UK outlook
The past couple of weeks have been characterised by a downbeat market mood, which has been particularly painful for the pound.
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Fluctuating central bank expectations stoke currency volatility
We witnessed some notable swings in the currency market over the past couple of weeks, as investors revised interest rate expectations for the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve.
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Dovish Fed pivot weakens the US dollar
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Cooling US inflation triggers USD sell-off
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.