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Last week’s budget has made life more complicated for the Bank of England. A rate cut is all but certain, but the combination of extra fiscal stimulus and a volatile US election aftermath means...
UK Finance Minister Rachel Reeves is set to deliver her first annual budget on Wednesday. Investors will be closely watching how the Chancellor plans to balance fiscal responsibility with tax reform,...
SUN: Japanese LDP Election MON: Japanese Jobs Report (Sep) TUE: German GfK (Nov), US JOLTS (Oct) WED: UK Budget, Australian CPI (Sep), Spanish Flash CPI (Oct), US ADP (Oct), German Flash GDP...
GBP: Reeves Triggers First Gilt Shake-Up Unlike her ECB colleagues, Bank of England hawk Catherine Mann stuck to her usual tone yesterday, staying relatively pessimistic on disinflation and pointing...
Inflation data from the UK sparked speculation of more rate cuts by the BoE. This has put GBP/USD bears on alert. With the pair near 1.30, traders are watching for a potential breakout towards...
USD While an ECB meeting was arguably the major event of note on Thursday, US retail sales were a close second, released at 13:30 BST. To the surprise of many, including ourselves, core sales rose by...
GBP/USD is facing increased bearish pressure on Wednesday as the latest inflation data comes in softer than expected. UK consumer prices dropped to 1.7% in September, the lowest level in over three...
USD: Solid momentum The sharp drop in oil prices has been the biggest market story this week. Yesterday, the Israeli prime minister said the country is considering US concerns when planning a...
USD: Range-bound Casting around the globe to identify key FX drivers, we note the following: Saturday's China fiscal stimulus measures lack detail, oil is steady as markets await Israel's...
USD After a quiet Tuesday session, there are two stories front of mind this morning. The first is Hurricane Milton, which is barrelling towards Florida, and due to make landfall this afternoon. Our...
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