Jonathan Cook
on December 27th, 2023 The US dollar shed some value against the pound and the euro in the pre-Christmas session.
Fed chair Jerome Powell would have been pleased by the slight dip in the final Q3 US GDP read, but he still has some tricky data to analyse. With durable goods orders and personal income and spending on the rise, Powell has a tough course to plot as markets continue to position themselves for early rate cuts.
USD/GBP: the past year
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