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The British pound’s ‘bizarre behavior’ is dividing market watchers

The British pound’s ‘bizarre behavior’ is dividing market watchers

LONDON — Tariffs, economic uncertainty and political challenges have created a difficult-to-navigate U.K. market this year, sparking some turbulence for the country’s currency. The pound has gained around 7.2% against the U.S. dollar in the year to date, while losing 4.3% against the euro, with some significant bumps along the way. GBP= YTD line GBP/USD…

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Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’

Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’

Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bank leader in prepared remarks cited…

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