January 19, 2024
“A shock disappointment for British consumer spending in December has weighed on sterling this morning but, on balance,...
“A shock disappointment for British consumer spending in December has weighed on sterling this morning but, on balance,...
“Robust consumer spending in the US, hawkish policymakers, and underwhelming Chinese economic data are strong headwinds for sterling...
“Gloomy economic data in China has cast a shadow over markets today as safe-haven flows propel the dollar...
“Yesterday’s renewed reassessment of the rate cut outlook translated into a broad dollar move upwards as hawkish ECB...
“The market’s expectations for rate cuts were reenergised last week, bolstered by softening producer prices in the US....
“A hot US CPI inflation print yesterday raised market volatility but ultimately left rate cut expectations unmoved as...
“Markets will be looking for further clues on the Federal Reserve’s policy trajectory this afternoon, given the potential...