[Tree] Impact of dovish comments on sterling and the potential rate cut by the Bank of England amid political and economic uncertainty, Outlook for risk-on currencies in Q3 2024

Version 0.12 (2024-07-02 07:54:49.512000)

updates: Added outlook for risk-on currencies in Q3 2024

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Version 0.11 (2024-05-13 18:54:14.022000)

updates: G10 FX forecasts and the potential for easier monetary policy

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Version 0.1 (2024-04-26 12:53:08.647000)

updates: Integration of information about sterling's performance and political/economic uncertainty

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Version 0.09 (2024-04-23 07:21:59.097000)

updates: Updates on dovish comments from MPC members and the potential rate cut by the Bank of England

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Version 0.08 (2024-04-18 08:20:42.949000)

updates: ECB's potential rate cut, euro's vulnerability to oil prices

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Version 0.07 (2024-04-12 18:23:28.430000)

updates: The euro dropped to its lowest level since mid-November after the European Central Bank (ECB) signaled it could cut rates as soon as June. The ECB's decision comes despite a hot US economy likely forcing the Federal Reserve to wait until later in the year. The euro dropped to $1.0674 in early European trading and was on track to have fallen 1.5% since Monday, its biggest weekly drop since mid-2023. The dollar index, which tracks the currency against six peers, was at a five-month high, up 1.3% this week. The difference in interest rate expectations has pushed the gap between US bond yields and German euro zone benchmark yields to the highest since 2019, making US bonds more attractive and boosting the dollar.

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Version 0.06 (2024-04-12 17:19:17.157000)

updates: The euro slumps to its lowest level as ECB President signals rate cuts

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Version 0.05 (2024-04-09 10:22:12.609000)

updates: Incorporated new information about ECB's expected interest-rate cuts and the differing pace of rate cuts between the ECB and the US Federal Reserve, as well as the predictions made by Bank of America Corp and Germany’s LBBW. Added information about the surge in US yields and geopolitical tensions in the Middle East as factors contributing to the possibility of euro parity. Mentioned the controversy surrounding the concept of euro parity.

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Version 0.04 (2024-04-09 09:18:55.663000)

updates: Integration of ECB-Fed split and euro-dollar exchange rate dynamics

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Version 0.03 (2024-03-28 08:17:26.017000)

updates: Integration of additional information on the euro's performance against the dollar

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Version 0.02 (2023-10-17 09:40:48.075000)

updates: The new narrative includes additional details from the Investing.com AU article

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Version 0.01 (2023-10-16 23:46:07.862000)

updates: Added details from Wall Street forecast

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Version 0.0 (2023-10-08 07:47:32.654000)

updates: Added information about the recent surge in US yields and its impact on the possibility of euro parity

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