GBP/USD Could Recover: Is a Comeback on The Way?

Oil prices remain stable despite a turbulent weekend and a strong US dollar. Chinese economic data, including disappointing GDP growth and declining refinery output, raises concerns about oil demand. The focus shifts from supply concerns in the US to demand worries in China. Technical analysis suggests potential for a triple bottom pattern in oil prices, […]

In focus today Today, euro area final HICP data for November will be released. With all the details out, it will be interesting to see what drove the downtick in inflation in November. In the US, we will get housing starts and building permits for November. On the central bank front, we have a few […]

Key themes: A sharp fall US consumer confidence added to evidence that the US economy is losing some momentum. However, an uptick in consumer inflation expectations complicated the picture, prompting suggestions of the risk of stagflation. A flurry of Fed speakers reinforced higher for longer messaging but backed up Jerome Powell in watering down the risk […]