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GBP/USD slides as US inflation falls by more than expected
The UK November CPI and RPI inflation reports have just now hit the screens. As noted here a little earlier, the markets were expecting contrasting data, in terms of the monthly and annualised readings on both counts. Well, that is not what has happened, as both the monthly and annualised readings have fallen in both CPI and RPI.CPI has fallen by 0.2% in November. The annualised reading has dropped to just 5.1%. It is the same for RPI too. That has dropped 5.3% annualised, from 6.1%. The GBP/USD has fallen sharply on this news, dropping to a low at 1.2658 immediately upon seeing this data. The pound is just now trading at 1.2677
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Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
