German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
While the United Kingdom has been surprising the markets, economist and the doomsayers with continued resilience after the referendum in June, on the other side of the world the United States’ economic performance has taken a slide compared to the prevalence expectations. Citi’s UK economic surprise index has reached the highest level in almost three years but the economic surprise index in the United States has taken a downturn since July.
Though, two central banks are on a different path of monetary policy. The Bank of England (BoE) has recently unveiled a fresh package of stimulus measures, whereas the Federal Reserve is looking to hike interest rates. With economic surprises diverging, the market expectations of the monetary policy divergence are likely to slide and provide support to the GBP/USD exchange rate and even lead to a recovery.
The pound is currently trading at 1.323 against the dollar, a break above 1.34 are could push the pair towards 1.38
