Financial Trading
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The Bank of Japan has chosen not to change its ultra-easy monetary policy stance, defying expectations, and weakening the JPY. GBP is stronger after UK CPI stayed stubbornly high.
The Fed has tried to push back on the easing narrative. This has halted the USD decline for now. However, markets will now have the Bank of England and the European Central Bank to contend with.
With GDP flat in Q4, the UK has avoided falling into a technical recession. But there is little to cheer for GBP as sluggish performance looks set to continue.
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