USD – The dollar edged higher against a basket of currencies on Tuesday, printing fresh two-decade highs as traders braced for an aggressive rate hike from the Federal Reserve this week to try to curb inflation.
Reuters notes their Fedwatch tool places a “nearly 90% expectation for a 75 basis-point increase at the conclusion of a two-day Fed meeting on Wednesday.”
GBP – Sterling plunged on Tuesday to a 13-month low versus EUR and fell below 1.20 versus USD for the first time since the start of the pandemic after Scotland’s First Minister Nicola Sturgeon said she was set to share details on plans for a new independence referendum.
Reuters notes their Fedwatch tool places a “nearly 90% expectation for a 75 basis-point increase at the conclusion of a two-day Fed meeting on Wednesday.”
GBP – Sterling plunged on Tuesday to a 13-month low versus EUR and fell below 1.20 versus USD for the first time since the start of the pandemic after Scotland’s First Minister Nicola Sturgeon said she was set to share details on plans for a new independence referendum.
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