GBP/USD trades near 1.2630 in an ascending channel, with resistance at 1.2690 and support at 1.2597.
The Bank of Korea cuts interest rates to 2.75%; GDP growth projected at 1.5% in 2025.
BoK Governor Rhee Chang-yong explained the 25 basis point rate cut, citing weak growth and consumer sentiment.
USD/JPY rises above 150.00; yen remains volatile. Dollar faces resistance near 150.50 despite expected PPI Services increase.
BOK keeps rates at 2.75%, EUR/USD nears 1.0500, gold dips, and Shiba Inu holders sell tokens.
Goolsbee stressed Fed caution, citing policy-driven price impacts and tariff concerns while awaiting more economic clarity.
Monetary policy is restrictive; inflation pressures ease. UK consumption weak; contrasts with US, Eurozone. GBP/USD at 1.2620.
The EU plans to increase defence spending, but Macron warns Trump’s tariffs could hinder these efforts.
Goolsbee stresses clarity before rate cuts; Fed considers policy impact. US Dollar Index rises slightly.
Bank of America warns of rising stagflation risks due to policies like deportations, job cuts, and tariffs.
