GBPUSD slides below 1.1800, Fed bets, UK’s Autumn Statement eyed – by anilpanchal7 GBPUSD Fed RiskAppetite FiscalPolicy CentralBanks
t losses could be linked to the market’s cautious mood ahead of the Group of 20 Nations meeting in Bali. Also teasing sellers could be the fears of harsh measures in the November 18 Autumn Statement to defend the British economy.
It should be noted that Federal Reserve Governor Christopher Waller said, “Rates will not fall until there is ‘clear, strong evidence’ inflation is falling,” which in turn curtailed the dovish bets on the Fed’s next moves. The policymaker, however, also mentioned that the Fed can begin to consider moving at a slower pace.
Amid these plays, the S&P 500 Futures retreat from a one-month high, down 0.30% intraday near 3,990, whereas the US 10-year Treasury yields rise six basis points to 3.89%, printing the first daily gains in four.
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