Daily Market Review: FOMC Decision, Ad-hoc ECB Meeting, and Pound Slump Under the Spotlight
Channel: JFD Brokers
Date: 2022-06-15

Daily Market Review by Charalambos Pissouros

The US #dollar continued to strengthen against the other major currencies on Tuesday and during the Asian session Wednesday, with most equity indices falling a bit more. All this suggests that investors remained careful ahead of the FOMC decision later in the day. Hike bets have increased sharply after Friday’s #CPI data, and they now fully price in a 75bps hike for today. The Fed was supposed to be the only major central bank meeting today, but the ECB announced an ad-hoc gathering in order to discuss market conditions. What’s more, the pound was found as the main loser today, due to reports referring to the possibility of a new Scottish Independence #Referendum.

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