“Cable” briefly breached 1.330 after the Bank of England kept its rate unchanged at 5%. Moving forward, GBPUSD’s performance will be majorly influenced by the BOE’s policy outlook relative to the Fed, and is forecasted to trade between 1.2721 - 1.3776 through end-2024.

With just hours until the Federal Reserve prepares for its first rate cut since 2020, markets remain split on the size!

The UK is set for a new government, with Labour forecasted to win by a landslide 410 seats – its most since 1997. Despite this seismic shift in the UK political landscape, the initial response in UK assets have been relatively muted so far.

Millions of voters in Britain will be heading to the polls tomorrow! And the outcome may shape the UK’s outlook over the next few years. Here, we’ll break down what exactly is going on and how it could impact your trading.