This week, the Federal Reserve and Bank of England will announce their final interest rate decisions of 2024, and the outcomes could shake up the currency markets 📉📈. At the time of writing: 🔹 GBP/EUR is just below a 33-month high 🔹 GBP/USD has rebounded from a two-week low 🔹 EUR/USD sits slightly above a two-year low Markets expect the Fed to cut rates by 25bps on Wednesday, with a hawkish tone likely boosting the US dollar 💵. On Thursday, the BoE is expected to hold rates steady, but Wednesday’s UK inflation data could shift the pound’s trajectory 💷. If rate movements are on your mind, contact our team to discuss strategies to stay ahead of the volatility - https://lnkd.in/e-YzMgp9 #ForeignExchange #CurrencyMarkets #InterestRates #GBP #EUR
