💨 Abstract

The dollar softened on Thursday due to expected Fed rate cuts this year amidst tariff uncertainty. The pound hit a four-month high before the Bank of England's policy decision. policymakers projected two rate cuts this year, but with higher inflation expectations. The Fed will be cautious due to potential inflation increases. Traders are pricing in 66 basis points of easing this year from the Fed.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖