But with a US recession now looking likely and the EUR/USD heading deep into oversold territory, the outlook for 2024 is much less clear.

The GBP is trading at a 6-month low against the USD and the EUR following the Bank of England’s decision to hold interest rates steady at 5.25% on Tuesday, 26th September.

Geopolitical consequences aside, the extension of the cuts raises questions for central banks in their efforts to tackle inflation, the US Federal Reserve in particular.

The USD/ZAR has been on a wild ride this summer, and with the US Federal Reserve’s unclear stance on interest rates and the flagging Chinese economy, the turbulence is not over.

The cryptocurrency industry has rolled from crisis to crisis for almost a year now. With multiple pivotal events approaching that will define the future of the asset class, what could be in store for the market?