Topic: Daily Market Updates
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Caution before direction-setting inflation reports
Treading water before inflation data. Leading indicators consistent with a recession in Q4. Proud pound holds firm.
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Low volatility despite ominous macro signs
US labour market is losing steam. Signs of a European bottoming are emerging. Stars align for pound.
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No holiday in Europe
Euro unfazed by German debt issue. UK returns to growth, contrasting the Eurozone. US in festive mood as volatility falls.
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Data slows dollar’s decline
Slight pushback on easing financial conditions. Sterling stutters after UK budget update. Eurozone consumer morale improves to 3-month high.
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UK fiscal update, US data patch in focus
10-week peak as tax cuts beckon. Last data patch before Thanksgiving. Germany’s highest court puts a brake on debt plans.
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Dollar nursing losses as easing bets mount
Dollar continues to suffer, with stocks at 22-month highs. Pound enjoying the risk rally. German data supports upward euro momentum.