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26 Oct 2022

GBP/USD: Breach of 1.15 clears the way towards 1.1750 – ING

The pound took another leg higheron Tuesday. Economists at ING expect the pair to extend its race higher towards 1.1750 on a break past 1.15.

EUR/GBP to move within a 0.8650-08750 near-term trading range

“1.1500 is clearly a big level in GBP/USD. A break could see the correction extend to 1.1750. But such a correction would more likely be driven by a global re-assessment of risk ($ negative) than a further re-rating of UK prospects.” 

“0.8650-08750 looks to be the EUR/GBP near-term trading range.”

 

Oct 26, 2022

RBA cash rate to peak at 3.85% on accelerating inflation – ANZ

Inflation in Australia rose more than expected in the third quarter. Subsequently, economists at ANZ Bank have upgraded their RBA cash rate forecasts.
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Oct 26, 2022

UK Finance Minister Hunt spoke to BOE Governor Bailey on Tuesday – Reuters

Citing sources, Reuters reported on Wednesday, UK Finance Minister Hunt spoke to BOE Governor Bailey on Tuesday. Uk Finance Minister Hunt reaffirmed h
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