GBP/USD Eases the Post-US CPI Rally as UK Inflation Also Decelerates
The pair posted its best day of the year on Tuesday on cool US inflation data, but faces headwinds today as the UK report also showed a significant deceleration
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The pair posted its best day of the year on Tuesday on cool US inflation data, but faces headwinds today as the UK report also showed a significant deceleration
Wednesday’s CPI report showed further progress on inflation, which grew by the slowest pace in two years and the data will be welcomed by the central bank, which has stayed on the sidelines for the last two meetings
Watch today’s US Open for insights on the US Inflation deceleration, which boosts Wall Street, the rebound in oil prices and more
The US energy giant announced its entry into lithium refinery on Wednesday, aiming to cover the needs for over one million electric vehicles (EVs) by 2030
The UK index lacks firm direction as it digests this week’s wage figures and the cabinet shake-up, while awaiting Wednesday’s pivotal CPI inflation report
The stock of Apple comes from a losing third quarter, but despite another drop in sales and the artificial intelligence threat from rival smartphone-maker Samsung, it surges again in November
The index could not take advantage of Disney’s post-earnings surge and dropped on Thursday as Fed Chair Powell appeared more hawkish in his latest remarks
GBP/USD slumped on Thursday as Fed Chair Powell firmed up his rhetoric and heads towards a losing week, but steadies today as the UK economy avoids a Q3 contraction according to preliminary data
Watch today’s US Open for insights on the encouraging results by entertainment giant Disney, Samsung’s generative AI step up, China’s deflationary pressures and more
HKG33 extends this week’s slide after today’s data showed an escalation in China’s deflationary pressures, on both the consumer and the producer sides
The Korean tech giant unveiled today its generative artificial intelligence model called Gauss, which could make it into its smartphones, as rival Apple has offered no concrete AI plans
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