Sterling Hits OneMonth High after UK Inflation Data

April 17 Reuters Sterling hit a fresh onemonth high against the euro and rose versus a weakening dollar on Wednesday after UK inflation data suggested less monetary easing by the Bank of England BoE. British consumer price inflation slowed by less than expected to a twoandahalfyear low of 3.2 in annual terms in March, down from a […]
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Gold Rises on Middle East Tensions, Dollar Drop

Bullion hit alltime high of 2,431.29 per ounce on Friday US dollar, 10year US yield slip from their fivemonth highs Market participants see U.S. rate cuts from September April 17 Reuters Gold prices rose on Wednesday, to near recordhigh levels as risks of the Middle East conflict spreading to other regions brought safehaven flows into […]
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Cooling UK Labour Market, Lower than Expected Canadas Data

Previous Trading Days Events 15.04.2024 The labour market in the U.K. still experiences wage growth. However, more people are dropping out of the workforce. Regular wages excluding bonuses which BoE is watching as it considers when to start cutting interest rates grew by 6.0 compared with the same period a year earlier, only slightly weaker […]
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London Stocks Gain as Miners Shine, Inflation Slows its Fall

UK inflation slows lesser than expected to 3.2 ASOS rises on retaining FY outlook, naming new CFO Entain climbs on betterthanexpected results FTSE 100, FTSE 250 add 0.5 each April 17 Reuters British stocks climbed on Wednesday, underpinned by industrial metal miners, while the pound strengthened after a slowerthanexpected pace of inflation fall pushed back […]
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