Dear Reader,
Today's overview of economic news and market action
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- Monetary policy was front and centre last week …
- Notably, the Fed delivered a “hawkish cut”. The BoE and the BoJ both left policy on hold …
- Data-wise, a busy schedule included updates on inflation in the US, UK and Eurozone …
- Against this backdrop, there was some volatility on forex and interest rate markets …
- Currency-wise, the dollar was in the ascendancy …
- EUR/GBP opens this morning in top half of the 82-83p range …
- EUR/USD is down in the bottom half of the $1.04-1.05 corridor …
- GBP/USD is below the $1.26 mark …
- USD/JPY is north of the ¥156 handle …
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