US EditionYen Dips Despite Rate Hike Talk; Sterling Lifted by UK Budget
Yen weakness persists amid concerns over Japan's fiscal health despite BOJ's expected rate hike; sterling rises on UK budget with doubled fiscal buffer, dollar falls on Fed rate cut bets.
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7 Articles
Yen dips despite rate hike talk; sterling lifted by UK budget
LONDON/NEW YORK :The Japanese yen slid against the dollar on Wednesday even as expectations rose that the Bank of Japan could hike rates next month, while sterling gained as investors welcomed a UK budget that delivered a larger-than-expected fiscal buffer.The dollar fell, weighed down by expectations of an i
Strong momentum signals point to further gains in the near term
GBP/JPY holds steady near 207.00 on Thursday after touching a fresh year-to-date high on the previous day, with sentiment leaning in favour of the British Pound (GBP) following the United Kingdom’s Autumn Budget. Meanwhile, the Japanese Yen (JPY) remains under sustained pressure across the board as traders focus on rising fiscal concerns in Japan and uncertainty over the timing of the Bank of Japan’s next rate hike, keeping the broader backdrop …
UK Budget: A ‘missed opportunity’ say investors
The chancellor Rachel Reeves achieved something important with the budget: the bond markets did not crash, and there has been no subsequent market turmoil. Ever since the infamous Liz Truss mini budget of September 2022, the worry is the bond markets will bring down a sitting government. Instead gilt yields ended the day lower and sterling strengthened against both the US dollar and the euro – a reflection that the budget was reasonably well re…
The yen fell against the dollar yesterday, despite growing expectations that the Bank of Japan may raise interest rates next month, while sterling strengthened... Traders' focus on the yen - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
After the initial volatility due to the premature publication of the OBR, the returns of the Gilts tightened and the pound sterling appreciated. The increase in the budget margin is well received. On the Stock Exchange, the banks, which will not be taxed, carry the market.
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