MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI BRIEF: Text of Bank of Canada Interest-Rate Decision

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EUR/GBP Snaps Losing Streak on Soft UK CPI

FOREX
  • The greenback is on the up early Wednesday, extending the recovery off the post-CPI lows printed Tuesday.
  • USD strength has been particulatly noted against GBP following UK inlflation data. CPI fell short of forecast across both headline and core measures. GBP/USD slipped upon release, drifting to daily lows of 1.2071. Similarly, EUR/GBP bounced further off the 50-dma support to snap a seven-session losing streak.
  • AUD trades heavy, slipping against all others in G10, on the back of local equity weakness and softer stock markets in China and Hong Kong. The currency wasn't impacted by RBA Governor Lowe's comments to a senate committee, at which he stated that rates needed to rise further but unsure by how much and that the Board was "serious" above bringing down inflation.
  • Focus for the session ahead turns to US retail sales and empire manufacturing releases, both of which are expected to improve from the prior month. ECB's Lagarde is also scheduled to speak from Strasbourg.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.