#GBPUSD and the #Fed &# BoE divergence Check out the latest M | Forex Trading Experts 📊 HYCM

#GBPUSD and the #Fed &# BoE divergence

Check out the latest Market Mood with the Chief Market Analyst Kevin Murph

This week the BoE and the Federal Reserve both met and both had divergent views on the terminal rate for each country.

The Fed hiked by 75bps as expected, but Jerome Powell signalled that the terminal rate (the ultimate high level of rates the Fed is heading to) would have to increase. This supported the USD as higher interest rates support a domestic country’s currency strength.

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