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UK inflation falls to 3.9%, lower than expected British pound declines The British pound has declined on Wednesday. In the European session, GBP/USD is trading at 1.2658, down 0.58%. UK inflation surprises on the downside UK inflation was lower than expected in November and the surprising release has sent the British pound lower today. Headline […]

The post GBP/USD – Inflation Surprise Sends Pound Lower appeared first on Action Forex.

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Euro Lower on German PPI Decline

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09/01/2024

Shaky optimism

The US equities followed up on the European stock market gains on Monday; technology stocks gained the most and their precious contribution to the S&P 500 pushed the latter up by more than 1.40% yesterday, as Nasdaq 100 rallied past 2%. Boeing and Spirit AeroSystems were heavily hit by a after Boeing’s 737 Max 9 […]
06/05/2024

AUD/USD Hits One-month High, RBA Decision Next

The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank of Australia meets on Tuesday and is widely expected to […]
02/05/2024

First Cut by Fed is September at the Earliest

Current and expected risks warrant the FOMC holding off on the first cut until September and then carefully assessing lingering inflation risks as each subsequent step is taken. A low of 3.375% is expected for fed funds mid-2026, a modestly contractionary rate. Following a run of data pointing to inflation being more persistent, the updated […]