Sterling is currently the weakest performer in today’s trading, though selling pressure remains somewhat contained for now. Weaker-than-expected inflation data from the UK further strengthened the case for BoE to cut interest rates in November. More critically, markets are now pricing in a higher probability of another back-to-back rate cut in December. Interest rate futures […]
The post Sterling Weak as BoE Rate Cut Odds Rise, But Downside Limited for Now appeared first on Action Forex.
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Earnings season is providing a positive vibe on Wall Street. Morgan Stanley is the latest big Read more…
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…
While the majority of cruise lines work hard to keep their facilities ultra-clean and shiny, one bad experience can be enough to go viral in the types of “cruise story horror story” videos popular in Read more…