Cable accelerated lower and cracked psychological 1.30 support, to hit the lowest in almost two months in early Wednesday. Sterling was down 0.8% in immediate reaction to economic data which showed that UK inflation fell more than expected in September and dipped below BoE’s 2% target, adding to bets for more rate cuts towards the […]
The post GBP/USD: Dips Below 1.3000 on Weaker Than Expected UK CPI Numbers appeared first on Action Forex.
Markets EUR/GBP spiked from 0.8325 to 0.8375 following September UK inflation numbers, but the euro isn’t strong enough these days to profit from GBP-weakness. Even as UK yields drop 8 bps (30-yr) to 11 bps Read more…
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The bond market has been roiling since the Federal Reserve’s outsized interest-rate cut last month, with benchmark yields surging on hot inflation data and retreating on data suggesting a softening jobs market. The moves suggest Read more…