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IMF downgraded it outlook for UK growth in 2019

In its latest forecast, the IMF projects growth for Britain of 1.5 percent next year, down from 1.6 percent previously.

Meanwhile, The Independent says, "forecast growth for the US, Germany, France, Italy, and Japan are all pushed upwards this year as global growth is seen hitting 3.9 percent, the most rapid since the 4.2 percent expansion in 2011.'

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Omkar Godbole

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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AUD/USD gains traction near  0.7100 as the post-Fed USD rally pauses

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USD/JPY reverses a dip below 156.00 as focus shifts to BoJ

USD/JPY is reversing a brief dip below 156.00 in the Asian session on Thursday, looking to snap a three-day winning streak to a nearly two-week top set the previous day. The US Dollar pauses following the post-Fed rally to seven-week highs, while a more hawkish repricing of the BoJ's policy normalization path supports the Japanese Yen. This keeps the pair's upside limited, with the focus now shifting to the BoJ policy decision due on Friday.

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