Pound Sterling Latest: UK GDP Rose in November but Remains Lacklustre
The pound rose modestly in the moments after November’s GDP data edged expectations to the upside. Longer-term growth trends continue to be a drag
The pound rose modestly in the moments after November’s GDP data edged expectations to the upside. Longer-term growth trends continue to be a drag
Gold and the Nasdaq 100 present an unattractive risk-reward profile at present, as sticky U.S. inflation and resilient labor markets could prevent the Fed from delivering the aggressive rate cuts Wall Street is discounting for this year.
As per tradition, the 4Q 2023 earnings parade will kick off with the major US banks, starting with JPMorgan, Citigroup, Wells Fargo and Bank of America this Friday.
This article focuses on the technical outlook for EUR/USD and GBP/USD, examining critical price levels following the U.S. CPI report.
Geopolitical worries are winning out over broader economic uncertainty in the energy market.
Headline and core CPI surprised to the upside in December, in part due to base effects which are expected to be short-lived. DXY, gold and S&P 500 futures analysed
Indices have made fresh headway this morning, though this afternoon’s US CPI print could result in some volatility.
Sterling is in focus this week as UK GDP data for November is due to be released on Friday and US CPI comes out at 13;:30 GMT today. GBP price action setups analysed
With little Euro Area data out for the rest of the week, Euro pairs will be driven by external influences, including today’s US inflation report.
Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the December U.S. inflation report, as consumer price data can guide the Fed's next policy moves and the timing of the first interest rate cut.