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GBP/USD prints losses of 0.46%, on risk-off, after last week’s BoE’s decision. The Federal Reserve’s “higher-for-longer” mantra continues to underpin the Greenback, with several Fed speakers emphasizing the need for another rate hike and sustained high rates. The last Bank of England’s decision weighs on the Pound Sterling, set to continue to weaken.
During the Asian session, Australia will release the Monthly Consumer Price Index, and Japan the Leading Economic Index. The Bank of Japan will publish the minutes of its recent meeting. Later in the day, the US will release the Durable Goods Orders report.
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