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Forex Daily

EUR/USD forecast: Can ECB rate hike expectations and Lagarde’s exit halt the Euro’s decline?

The euro faces a challenging combination of monetary policy uncertainty, renewed inflationary pressure and a change at the top of the European Central Bank (ECB).

Bank of England: Gradual hiking path – Rabobank

Rabobank strategist Stefan Koopman expects the Bank of England’s (BoE) Monetary Policy Committee (MPC) to raise Bank Rate to 4.00% in November 2026 in a 7-2 split, followed by another 25bp hike to 4.25% in February 2027. The report stresses that higher market rates have already tightened conditions, but argues policymakers must now validate pricing. Fiscal policy is seen as a minor offset to the energy-driven inflation shock.

Bank of England – A hike to contain inflation risks

Growth has surprised to the upside, and official forecasters have raised their growth forecasts for this year while pencilling in a gloomier outlook for next year, as higher energy prices hit consumers and businesses.

Pound Sterling Price News and Forecast: GBP tests six-week highs as traders brace for BoE tightening

The British Pound (GBP) rallies for the third consecutive day against the US Dollar (USD) on Friday, following a soothing UK budget earlier this week, with the focus on a widely expected interet rate hike by the Bank of England next week.

Swiss Franc trims against US Dollar as high Oil prices erode its safe-haven status

The Swiss Franc (CHF) is giving away gains against the US Dollar (USD) on Friday, weighed by concerns about the Swiss economy's exposure to the higher Oil prices.

Market News

Wall Street’s fast money dumped $5.4 billion of Bitcoin ETFs, and it wasn’t a Bitcoin bet

Illustration of a Bitcoin ETF redemption notice on an institutional trading desk, navy and blue financial-terminal style

Nine hedge funds and banks cut 68,000 BTC of Bitcoin ETF exposure as the cash-and-carry basis collapsed, Galaxy Research says, while sovereign funds bought.

The post Wall Street’s fast money dumped $5.4 billion of Bitcoin ETFs, and it wasn’t a Bitcoin bet appeared first on Forex Crunch.

Euronext suspends CoinShares’ Zcash ETP on Paris debut day

Euronext suspends CoinShares’ Zcash ETP on Paris debut day

Euronext Paris suspended CoinShares' Zcash ETP (ZCSH) on its scheduled debut day of 28 October 2026, citing operational settlement requirements.

The post Euronext suspends CoinShares’ Zcash ETP on Paris debut day appeared first on Forex Crunch.

Two dates that decide the EU stablecoin market: 30 October and 12 November

Illustration of two liquidity bands crossing in a financial terminal, one receding and one brightening

USDC now carries 56% of euro-paired stablecoin trading volume, up from 10% in January 2024, as MiCA rules and two approaching dates reshape the EU market.

The post Two dates that decide the EU stablecoin market: 30 October and 12 November appeared first on Forex Crunch.

Canada Floats 1% Cap on Stablecoin Cash-Outs

Stylised clock face with three glowing segments beside narrowing depth bands and exit-channel arrows, in navy with blue and amber accents

Canada's Oct. 24 proposal would force issuers to cash out retail stablecoin holders at par within three business days, with fees capped at 1% and seven days' notice before any change.

The post Canada Floats 1% Cap on Stablecoin Cash-Outs appeared first on Forex Crunch.

SoFi launches SoFi Earn, a tokenised deposit paying 4.40% APY with FDIC protection

Stylised bank facade and glowing token blocks flowing along a chain-link rail toward an order-book depth band

SoFi launched SoFi Earn (SOFIE), a tokenised bank deposit paying 4.40% APY with FDIC protection, convertible one-to-one into its SoFiUSD stablecoin.

The post SoFi launches SoFi Earn, a tokenised deposit paying 4.40% APY with FDIC protection appeared first on Forex Crunch.

 
 
 

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