US PCE Inflation Persists Above Fed Target, Threatens Rate Cut Timeline
PCE inflation remains elevated at 3.7% against the Fed's 2% target, complicating the central bank's rate-cut calculus despite stock-market gains under Trump policies. Higher-for-longer rate expectations support USD and weigh on EUR/USD and GBP/USD as markets reprice Fed hold duration.
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CMC Markets
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IG Markets UK is an FCA regulated firm that offers CFDs & Spread Bets on several instruments
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| ⚖️Is Forex Trading in UK Legal? | Yes |
| ⚖️Forex Trading Regulator | Financial Conduct Authority (FCA) UK |
| 📅 Date Established | 2013 |
| Investor Protection | Financial Services Compensation Scheme (FSCS) up to 85,000 GBP |
| ✅No. of FCA Licensed Forex Brokers in UK | 15+ |
| 💰Average OTC FX Turnover for UK 2022 (BIS Survery) | 3.755 Trillion USD |