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UK CPI Softens in May; Iran Tensions Stir Uncertainty on BoE Policy Path; GBP/USD Spikes - FX Empire
The UK GDP fell 0.3% month-on-month as services output dropped for the first time since October 2024. However, sticky inflation and potentially higher oil prices could raise stagflation risks.
The Japanese Yen drifts lower in reaction to weaker domestic wage growth data.
13don MSN
Rising oil prices, Middle East tensions, a NATO meeting and a testimony by the U.S. Federal Reserve chief all vie for market ...
Food prices rose at their fastest pace in more than a year, official figures show, as grocers were suspected to have passed on the cost of Rachel Reeves’s tax raid to consumers. The rate of food price ...
Today we get German retail sales and CPI, UK GDP, and reports from the Chicago and Dallas Fed. US data tends to overshadow ...
An accelerated run on the US dollar continues. The euro, sterling, Australian and New Zealand dollars have risen to new highs ...
UK inflation rose to 3.0% in January, surpassing the BoE’s 2% target and casting doubt on a March rate cut. Core CPI accelerated to 3.7%, while wage growth hit 6.0%, complicating the BoE’s ...
Euro US Dollar, British Pound US Dollar, US Dollar Japanese Yen, US Dollar Swiss Franc. Read 's Market Analysis on Investing.com ...
Those trends coupled with worries about the economic hit from higher U.S. tariffs partly explain why the BOJ has signaled a ...
9don MSN
Several developments this week fed into the rate cut narrative - the Iran-Israel ceasefire, tumbling oil prices, soft U.S. economic data, dovish comments from some Fed officials, and renewed pressure ...
Nvidia shares rose over 4% to end Wednesday's trading session above $154, notching a new record high. Nvidia hit its prior record close of $149.43 on Jan. 6. Loop Capital analyst Ananda Baruah on ...
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