Forex Market Review (European Session) – Pound tumbles on dovish BoE comments; Fed chair talk drives dollar higher
Posted on October 17, 2017 at 2:37 pm GMTSterling took a tumble on Tuesday after Bank of England officials appeared more cautious than anticipated in supporting policy tightening even as UK inflation rose to a 5½-year high in September. The US dollar enjoyed a second day of solid gains as investors speculated that President Trump was considering appointing an inflation hawk as the next head of the US Federal Reserve. The euro meanwhile remained subdued as renewed political risks continued to weigh on the currency. It was a [..]