On September 22 and 23, the results of two important meetings of the FOMC and the BOE will be determined. According to recent economic data, including the US CPI, which shows a higher growth than expected by predictions, US interest rate expectations have increased, and the possibility of a 0.75% interest rate increase has been strengthened.
Currently, the Federal Reserve’s interest rate is <2.5%, and Inflationary acceleration could indicate more hawkish and contractionary policies from the US Federal Reserve’s Open Market Committee.
Meanwhile, a day after this, the meeting of the MPC will be held, and predictions show that there is a high possibility of a 0.5-0.75% increase in the British interest rate, which also has strengthened with the Liz Truss plans.
The total of these cases can cause a lot of fluctuations in the Forex markets related to the USD and the GBP, as well as the stocks, cryptos, commodities, metals, and ETFs.