British Pound fell over 0.5% against the Rupee as UK inflation met expectations. The GBP/USD pair hit a 2024 low, driven by the US Dollar’s strength following the Federal Reserve’s 25 bps rate cut and risk-averse market sentiment triggered by the updated SEP. UK consumer prices rose 2.6% YoY in
The upcoming release of the US CPI data for November 2024 is set to be a pivotal moment for financial markets and Federal Reserve policy decisions. U.S. inflation data are likely to be the highlight of the week as the outlook for U.S. interest rates remains uncertain. In Europe, a
FX Update Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Bitcoin has more than doubled in value this year
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