4 Global Market Updates- 27 September, 2022

In this article, we have covered the highlights of global market news about the GBP/USD, USD/CAD, USD/JPY and EUR/CHF.

GBP/USD likely to stay under pressure in the short term – ANZ

GBP/USD has seen a significant decline. According to ANZ Bank economists, the British pound is now under downward pressure.

To stay within historical ranges for EUR/GBP. “In the immediate term, with USD strength and the GBP trading close to a 40-year low, we anticipate the GBP to stay under pressure.”

“EUR/GBP will stay within historical levels, mostly driven by EUR volatility,”

“Over the medium term, a reversal in the USD paired with the completion of the two-year fiscal plan on energy prices may lead to some recovery in the GBP.”

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