Tuesday, 23 July 2019

Dollar Rallies After IMF’s Growth Upgrade, Pound Steadfast After New PM Announced

The ‘growth’ theme seemed to catch traction earlier than expected this week. With July PMIs and the US 2Q GDP ahead, the IMF decided to downgrade its global growth forecasts; but it was a surprise US upgrade that generated the biggest impact.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...