Fed-funds futures traders now see a decent chance that U.S. policy makers will lift borrowing costs to a range between 4.75% to 5% by March, versus the current level between 3% and 3.25%. They see a 26% chance of such a scenario, up from 19% on Wednesday and zero likelihood a month ago, according to the CME FedWatch Tool. Market expectations for further aggressive moves by the Federal Reserve picked up momentum after Wednesday’s policy announcement. Investors were reeling from the developments, with all three major U.S. stock indexes DJIA,
GBPUSD forecast: the pair forms a correction before growth
The change in the US CPI data may support a correction in the GBPUSD pair towards 1.2855. Discover more in our analysis for 12 March