Monthly Currency Market View July 2023

In a highly significant development, the President of the United States Joe Biden, and the UK’s Prime Minister Rishi Sunak, held a press conference at the White House. During which, the duo unveiled their intentions to strengthen economic ties between the two nations.

USD – JP Morgan predicts UK interest rates to peak at 5.75% by November

EUR – Consumer confidence at its highest in eighteen months

GBP – Pause in rate hikes not yet been discussed

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