GBP/USD, Crude Oil Forecast: Two Trades to Watch
From Investing.com: 2025-06-19 06:47:00
The US dollar is on the rise due to safe-haven demand as President Trump considers US involvement in the Israel-Iran conflict. The Bank of England held interest rates at 4.25% in light of inflation above the 2% target. Meanwhile, the Federal Reserve left rates unchanged but lowered growth forecasts and raised inflation projections. In the oil market, prices are climbing as tensions in the Middle East escalate, with fears of oil supply disruptions. Oil prices are consolidating around $75 amidst concerns of broader conflict and potential US involvement in the region.
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