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The Fed leaves rates unchanged and says stimulus wind down will begin relatively soon. And according to Saxo Bank's senior sales trader Christoffer Moltke-Leth, this is because the Fed is struggling with an inconsistent labour market and low inflation. The Fed still foresees one more rate hike this year and three hikes next year, but the market does not agree, says Moltke-Leth. "The market expects the Fed to be even more dovish."
Squawk / 28 July 2016 at 10:30 GMT
GBP / USD
28 July
goldfinger goldfinger
Great chart, thanks
28 July
stranger stranger
goldfinger! Be careful!the pair can rise to 1.3322 / 3333, and after correction recommence up trend
28 July
stranger stranger
so
28 July
Steblaj Steblaj
I just don't understand how this will happen. The rate divergence will be an interesting story for this pair.
28 July
stranger stranger
The Bank of England until September-October,does not cut rates
29 July
Steblaj Steblaj
I believe it will happen in August... But hey: that's fortune-telling... Si don't take me too serious...
29 July
stranger stranger
Maybe! I'm not sure

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