The Australian Dollar was broadly lower following weak Chinese retailsales data.A soft run for the Aussie extended through Tuesday after investors reactedto news of weak consumption data from China, which served up anotherreminder of China’s macro imbalances.It also...
Reports of more fiscal spending in China did little to improve sentimenttowards regional currencies, with the yuan hovering around its weakestlevels in 13 months.Beyond the Fed, central bank decisions in Japan, Thailand, Indonesia andthe Philippines are also due this...
ExchangeRates.org.uk – The Pound (GBP) climbed against the Euro andmost of its peers on Tuesday following the publication of the UK’s latestjobs data.The country’s latest unemployment rate printed in line withmarket expectations in the three months leading up to...
Deutsche Bank (ETR:DBKGn) has raised its inflation forecast for the UK,projecting that headline Consumer Price Index (CPI) inflation will rise to3.1% in 2025, up from 2.6% in 2024.This upward revision reflects continued pressures from core goods andservices despite...
Annual inflation in the U.K. rose to 2.6% in November, up from 2.3% inOctober, aligning with market expectations.This increase has dimmed the prospects of a rate cut by the Bank ofEngland during its meeting on Thursday.As of early Wednesday, yields on the U.K.’s...