- Written by Sywa Sywa
- Last Updated: 08 August 2019 08 August 2019
- Created: 01 August 2019 01 August 2019
After a long waited fed rate cut, as expected The Fed cut interest rate of 25 basis points (bps). Market was already priced in even before The Fed announcement, after announcement of interest rate cut, USD is higher rather than drop.
Today is BOE Rate decision, if Poundsterling get another hit at the news it can hit a new fresh low at 1.19.