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Dollar slides after US June CPI comes in below forecasts- GBP/USD charges above 1.2925
The US June CPI report has just been released. The markets were expecting a generally benign outcome from this data. The monthly reading for June Consumer Prices was forecast to rise by 0.1% from zero, but it has actually fallen by 0.1%. The core annualised rate has also come in below forecasts (+3.4%), rising by just 3.3%. The dollar has fallen back further on this news. The EUR/USD has lifted to above 1.0890 and the GBP/USD has shot to a new 2024 high above 1.2925 and clearly tripped stops above the previous high at 1.2894. The GBP/USD is right now trading at 1.2932
Market News
All News-
US stocks open lower but not as low as earlier indicated- Check out the Nasdaq 100
The US stock markets have just this minute reopened for live trade and it has been a generally lower start to the session, but certainly not as low as...
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GBP/USD claws its way to new 2025 high
The further fall in the dollar subsequent to the release of the benign US PPI report did help the Pound to vault the 1.36 handle again and it did...
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US equity futures grab some support from lower PPI data- S+P 500 off the lows
The reaction to the lower than forecast US PPI data has helped the US equity futures rebound. That rebound is not massive by any means at this stage...
