Dear Reader,
Today's overview of economic news and market action:
- As expected, the ECB voted to leave interest rates unchanged yesterday …
- However, the ECB offered no firm guidance on the future path of rates …
- Data-wise, US CPI inflation (Aug) printed in-line with the consensus …
- Against this backdrop, markets had a muted reaction to the ECB/US CPI data …
- Currency-wise, the dollar was under some downward pressure …
- This sees EUR/USD open today back above the $1.17 threshold …
- GBP/USD is at the midpoint of $1.35-1.36 …
- EUR/GBP remains in and around the halfway mark of 86-87p …
- Today, US consumer sentiment (Sep) is due …
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