Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Investor sentiment continued to hold a cautious tone yesterday, as oil prices rose further …
- Meantime, UK political news flow and hotter than expected US CPI inflation weighed on sentiment …
- Currency-wise, the dollar was in the ascendancy, albeit its gains were modest …
- Meantime, sterling was on the defensive but recouped some of its losses overnight …
- In level terms, EUR/USD is back in the lower half of the $1.17-1.18 corridor …
- GBP/USD is changing hands in the bottom half of the $1.35-1.36 trading band …
- EUR/GBP is operating near the midpoint of the 86-87p range …
- Looking ahead, news flow regarding the war in the Middle East will remain in focus …
- Likewise, speculation in relation to PM Starmer’s position may continue to impact sterling …
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