BOE Hike, Powell as New Fed Chair, US Tax Plan… All As Expected. Focus Now On Nonfarm Payrolls

Events in the UK and the UK roiled the financial markets. BOE’s dovish rate hike accelerated British pound’s selloff which had started a few hours before the official announcement. US President Donald Trump announced that he has nominated Jerome Powell to the Senate as the next Fed Chair. The House released the tax plan but contained little surprise. In the FX market, US dollar fell against major currencies, with the exception of the pound…

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BOE Hike, Powell as New Fed Chair, US Tax Plan… All As Expected. Focus Now On Nonfarm Payrolls