US Fed Chair Jerome Powell poured water on a March rate cut at yesterday’s FOMC meeting but markets continue to price in an aggressive series of cuts for the rest of the year.
Gold and silver grab a bid after Iranian drone strikes on US service personnel over the weekend, while later this week the latest FOMC decision and US Jobs Report will drive rate cut expectations.
GBP/USD Technical Forecast: Pound Sterling at Risk of a Downside Breakout dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.