More from Powell

  • The conditions are supportive of a hike in Dec

That’s a bit more like it but no real move in USD, though GBPUSD remains most susceptible.

  • Banking rules are strong enough
  • Expects gradual hikes to continue
  • Interest rates are a blunt instrument
  • Help for savers is on the way
  • Market hasn’t reacted to balance sheet reduction
  • We do not know exactly where the balance sheet will end up

USD ticking back up to 111.36 from 111.20 but we’re not busting a gut here.

Ryan Littlestone

Pin It on Pinterest