Title: Market Update: Fed Holds Rates, BoE Rate Decision Awaited, USD Weakest Against JPY
In the latest financial news, the Federal Reserve kept its rates unchanged while hinting at a potential rate cut in September. Meanwhile, all eyes are on the Bank of England’s rate decision. The US Dollar was the weakest against the Japanese Yen this week. Find out more about the market movements and how they can impact your finances.
Analysis:
– Federal Reserve kept rates unchanged but hinted at a potential rate cut in September.
– Bank of England’s rate decision is awaited, with expectations of a 25 basis point cut.
– US Dollar was the weakest against the Japanese Yen this week.
– Pound Sterling could see volatility depending on the BoE announcements.
– Gold prices surged by 1.5% on Thursday, reaching a two-week high.