UK PMIs on offer, but political troubles re-emerge

PMI survey prints will be released on Thursday amid a volatile political environment Wednesday’s autumn statement is key as another government crisis could soon unfold The pound does not enjoy heightened domestic risks, especially as the BoE remains dovish Inflation is falling, but so is growth Bank of England Governor Bailey got his wish in … Read more

Sunset Market Comment – Action Forex

markets Until about a month ago, the market dynamics of earnings moved “standardly” higher on days when there were no relevant news for the market. A series of softer (or perceived soft) data has since caused the market to turn 180 degrees. The central bankers’ mantra of “higher for longer” has been shelved. The key … Read more

Key inflation data due in the US and Sweden

Today’s market movers US CPI for October is the highlight of this week in terms of data releases. We expect core at 0.1m/m and core at 0.3% m/m in line with consensus, but with uncertainty stemming from the auto workers’ strike, which may have temporarily boosted car prices, as well as technical factors related to … Read more