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The reaction across the markets to the hotter than forecast US CPI has seen equity futures tank and the dollar rise sharply. It has also sent Gold prices falling back rapidly too. The metal has now dropped below $2,330 and in truth it may not be done with the downside yet. We shall see on that. The markets were not expecting data this hot and it has caused a deeper correction than we have seen so far this week. Gold is currently trading at $2,329.60
Over the past few days your attention was drawn to a leading analyst call, for the GBP/JPY to drop to 180. Well, earlier today the Pound took a step...
The quarter point cut from the Bank of England yesterday did push the FTSE 100 to a new all time high. The index rose to set a new record at 8,767.50...
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