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Equities welcome softer UK inflation data, yields lower on initial reaction

Well, the softer UK inflation data here raises the odds of the BOE joining the ranks of the Fed and ECB into pausing but not after one last rate hike this week in all likelihood. The odds of a 25 bps move coming into today was at ~80% and while traders may pull back slightly on that, I still see policymakers delivering one final message before heading to the sidelines.The initial verdict is one that sees equities cheer a little, with US futures paring marginal losses to turn flat on the day:Euro... Read More

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Content Topics

Equities

Welcome

Softer

Inflation

Data

Yields

Lower

Initial

Reaction

Forex

Posted: Sep 20 2023, 06:23

Author Name: forexlive

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