With the latest stance from different central banks to slow down the tightening of monetary actions (pause or less interest rate hikes). There was no surprise yesterday when BoE raised interest rates by 25 basis points compared to its latest meeting in June of 50.

The markets have been very volatile over the past week with the main catalysts being the Fed and ECB interest rate decisions, both pushing rates up by 25 bps each, and the markets assuming that there will be a pause on rate hikes for the foreseeable future, when both Central Banks essentially stated that no further hikes were given and will be data-driven instead - over the last week we have seen the Dollar strengthen and the EURUSD price move from 1.12 down to 1.09 and GBPUSD from 1.2990 down to 1.27.d this week.

A week full of economic data with focus on Europe and the US, we end the week with further data for both areas. But first a recap of what unfolded this week.

The dollar extended losses today, a day after the Federal Reserve delivered what some expect to be its last rate hike, while the market's focus shifted across the Atlantic to the European Central Bank's impending rate announcement.

Crypto investment is one of the best ways to store your wealth and grow it. Right now, Bitcoin is among the most lucrative cryptocurrencies. 

For those interested to buy Bitcoin, recent history shows that various events have been pushing the value of the coin higher, including the launch of Bitcoin ETFs, widespread acceptance among corporations, and increased interest from financial institutions.

Cable might drop through 1.3000 if UK June CPI comes in softer than the 8.2% YY consensus forecast on Wednesday or ascend beyond 1.3150 if it is higher than expected for a fifth consecutive month.

The British Pound will on Wednesday encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a second consecutive 50 basis point interest rate increase in August.

The pound rose for the sixth session running to a new 15-month high after data showed the British economy shrank by less than expected in May.