From Investing.com: 2025-05-08 05:47:00

The Dollar strengthened against major peers after the Fed sounded less dovish than expected, keeping rates unchanged and acknowledging the risks of higher inflation. Stocks rose as Powell described the economy as solid. Trump is set to announce a trade deal with Britain. The Bank of England is expected to cut rates by 25bps, with focus on future guidance. Wall Street gained on optimism about the economy and news of a potential trade deal. BoE’s decision today may provide clues on future rate cuts, with recent data indicating some weakness in the UK economy.



Read more at Investing.com: Dollar Gains After Fed Decision; BoE Looms