Dear Reader,
Today's overview of economic news and market action
- Equity markets moved lower on both sides of the Atlantic yesterday …
- Data-wise, Eurozone flash HICP inflation printed slightly above the consensus …
- Meanwhile, US core-PCE inflation also came in higher than anticipated, staying at 2.7% …
- On the currency front, sterling was on the defensive yesterday …
- This sees EUR/GBP open this morning up above the 84p handle …
- GBP/USD is back at the $1.29 threshold …
- Elsewhere, EUR/USD is in the top half of $1.08-1.09 …
- USD/JPY is in the lower half of ¥152-153, as the BoJ left policy on hold overnight …
- Today, the US labour market report for October is due …
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