Stay on High ALERT: as USD $ & UK (£) rate decisions TONIGHT & TOMORROW
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GBP keeps falling
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The end of the Q2 of 2022 has brought us a grim outlook for the medium-term global growth as the USD strengthens while GBP and EUR weakens
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Stay on the LOOKOUT!!
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Now it gets interesting!
"A euro that is too weak would go against our price stability objective." - Francois Villeroy (ECB Governing Council member)
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This week has seen the FED and the Bank of England making terrible movements which backfired
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While the Bank of England is committed to raising rates through 2022 weak data continue to push GBP lower
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"We're not going to let high inflation become entrenched… (as) the costs of that would be too high." - The Federal Reserve
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