Traders are gearing up for a busy couple of days, with Kevin Warsh’s first interest rate decision as US Federal Reserve chair due today at 7pm (UK time), and the Bank of England’s rate announcement scheduled for midday on Thursday. While policymakers at both central banks are expected to keep rates unchanged, the market will be watching for clues about the future path of monetary policy. Traders have scaled back their expectations of rate cuts in 2026 as lower-than-expected inflation figures have raised the prospect of a more dovish outlook. Against this backdrop, the euro is testing a key technical level against the US dollar, while Brent crude oil has fallen sharply amid hopes for a peace deal in the Middle East. Website: http://www.cmcmarkets.com/en-gb/ 📺 Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist. CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. CMC Markets offers trading on thousands of financial markets including forex, indices, commodities, shares and treasuries. ➡️ Subscribe and don't miss another update! https://www.youtube.com/channel/UC_Q-HdXuWScFretXS7GfEjw?sub_confirmation=1 Follow us: X (Twitter): https://twitter.com/CMCMarkets LinkedIn: https://www.linkedin.com/company/cmc-markets/ Facebook: https://www.facebook.com/cmcmarkets.uk Follow Michael Kramer: X (Twitter): @MichaelMOTTCM YouTube: @Themarketchronicles This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.