Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
UK Inflation Falls Erasing Recent Gains on GBPUSD, Attention turns to US PCE Data

UK Inflation Falls Erasing Recent Gains on GBPUSD, Attention turns to US PCE Data

Share:

Markets continue to grapple with rate cut expectations and now we have the added risk of rising geopolitical tensions. UK inflation data fed the rate cut narrative today as the data came in well below estimates. This will no doubt be a sigh of relief for both the UK consumer and the Bank of England as markets are pricing in rate cuts as early as May.

The biggest beneficiaries this week from the geopolitical tension in the Middle East has been both Gold and Oil. Both commodities are likely to remain supported in the near term with supply disruption concerns around likely to get worse the longer the war in Israel continues. Markets will now turn their attention toward the US PCE data release at the end of the week.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES