As the UK government and BoE have made policy changes that have lifted GBP/USD, the US Dollar weakened across the board while the market sentiment that has seen growth and commodity-linked currencies gain sustained the DAX 40.
The European Central Bank’s (ECB) governor, Francois Villeroy de Galhau, in an interview with the Financial Times (FT), stated that once the deposit rate gets to 2%, further tightening may slow.
Equity futures are directed toward European bourses, ready for another positive day, with the DAX 40 looking at over 1% potential gains.
GBP/USD returns to its initial level before the mini budget as it approaches 1.1400. In addition, the FT stated that the BoE might slow quantitative tightening (QT).