On Wednesday, attention turns to the U.S Federal Reserve, which is expected to lift interest rates for the first time since 2018 to offset rising inflation.
On the same page, the Bank of England is almost certain to increase borrowing costs on Thursday.
With a war raging, fuel prices soaring, and inflation reaching record levels, both central banks are expected to act this week.
Besides, last week the European Central Bank paved the way for an increase later this year.
So, analysts expect volatility for the US Dollar (USD) during the announcement of the FOMC Statement and the Federal Funds Rate on Wednesday [06:00 pm | GMT].
The same applies to the British Pound (GBP), where volatility is expected during Thursday’s BoE Official Bank Rate release [12:00 pm | GMT].
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