GBP/USD Climbs Back as EUR/GBP Faces Pressure

Key Highlights GBP/USD started a downside correction from the 1.2732 zone. It traded below a key bullish trend line with support at 1.2640 on the 4-hour chart. The UK Claimant count could change by 20.3K in Nov 2023, up from 17.8K. The US CPI could decline further to 3.1% in Nov 2023 (YoY) from 3.2%. […]

Canadian consumer price index growth is expected to have eased slightly in November after picking up in October, which is consistent with a persistently softening economy that’s left broader inflation pressures tracking at or below the Bank of Canada’s 2% target. We expect headline inflation to have eased to 1.9% in November. Price growth in […]

Markets “I would warn against moving too far, that is into accommodative”. ECB Executive Board member Schnabel broke ranks with the dovish current inside the central bank in place since this summer. Given the inflation outlook, Schnabel thinks that the ECB can gradually move toward neutral if incoming data continue to confirm the ECB’s baseline […]