Dollar licks wounds as Fed disappoints bulls, UK election awaited
Bond yields also slid after the Fed decision.Investor focus now shifts to the looming trade deadline, Christine Lagarde’s first meeting at the helm of the ECB, and voting in the British election.
Lagarde is all but certain to keep money taps wide open, but investors will be curious to tune in to her first post-meeting press conference to seek clues about a broader policy revamp that could become the cornerstone of her tenure. The pound is priced for a Conservative majority that could control parliament and lead Britain out of the European Union at the end of January, and anything short of that could prompt a slide.edge up to $1.3217 on Thursday. Cable's overnight implied volatility has soared to its highest since the 2016 Brexit referendum GBPONO=.
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