The British Pound has snapped back against the US Dollar after this morning’s BoE rate decision and GBP/JPY is still working around some longer-term resistance.

US equity futures have slumped after recent FOMC dashed expectations of a Fed pivot. With SPX sliding from resistance, stock indices remain under pressure.

ECB Raised Interest Rates by 50bps in an effort to combat underlying price pressures while downgrading growth forecasts for 2023.

The Bank of England (BoE) raised borrowing costs by half-a-percentage point today as the central bank seeks to tame double-digit inflation

Fed chair Jerome Powell crunched gold’s recent rally into reverse gear last night by suggesting that US interest rates will be kept elevated through 2023.

The U.S. dollar looks ahead to the ECB rate decision for guidance heading into the new year after a positive FOMC reaction.

The Australian Dollar fell as Chinese industrial production and retail sales disappointed across the board. AUD/USD bearish reversal warnings continue growing.