Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- The BoE hiked the bank rate by 25bps to 4.00% yesterday, as expected …
- Market interest rate expectations were volatile yesterday …
- Overall, rate expectations softened as concerns regarding the AI sector intensified …
- On the currency front, the dollar has been in the ascendancy overnight …
- This sees EUR/USD open today back below $1.12 …
- GBP/USD is down at the $1.34 threshold …
- EUR/GBP is in the bottom half of the 83-84p range …
- Today, the US labour market report (Oct) is due …
- Concerns regarding the AI boom will also be in focus …
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