Dollar hits 2-month highs against Pound & Euro

The American economy looks in good shape and inflation is falling – a nice combo.

As for the UK, there’s a lot of debate as to whether interest rates have peaked.

After the latest Monetary Policy Report Hearing there is no determined course of action for the next rate meeting and it is unsettling the Pound.

In Europe, there has been a lot of underwhelming economic news.

We would consider GBP/EUR as being range-bound at present, as opposed to having a strong underlying trend.

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