Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge

Posted 20 November 2024

Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum. This resurgence in inflation diminishes the likelihood of BoE implementing another rate cut in December. Market expectations have adjusted accordingly, with […]

The post Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge appeared first on Action Forex.

Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound

Posted 20 November 2024

Yen fell broadly during Asian session today, reversing all of this week’s earlier gains. Market sentiment has calmed somewhat despite the escalation in Russia’s war in Ukraine, as there is no clear intensification toward a nuclear conflict. US Treasury yields have stabilized after yesterday’s decline, and Gold’s rebound has also stalled. Attention now turns to […]

The post Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound appeared first on Action Forex.