4 Global Market Updates- 30 September, 2022

 

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

GBP/USD may easily go back to 1.07/08 under significant volatility – ING

Realized GBP/USD volatility is at 34% after one week. Thus, according to ING experts, the GBP/USD might decline to the 1.07/08 range later in the day.

The standard for cable currently is 400 pip ranges. “Today’s main event is a meeting between the PM and the Chancellor and the Office for Budget Responsibility (OBR) to go through expenditure strategies. Even while the markets will appreciate the OBR’s engagement, the government still has to find a method to balance the books and avoid receiving a very poor rating from the rating agencies (two of which will provide UK sovereign rating outlooks on October 21).

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