Michael Kramer
Michael Kramer highlights the near-term levels to watch across major stock indices, FX pairs and commodities amid a burst of economic data. Figures out today showed that UK inflation fell more than expected to 1.7% in September, the first time since April 2021 that inflation has dropped below the Bank of England’s 2% target. The news raised traders’ expectations of further rate cuts from the BoE this year, sending the pound lower against the dollar. Tomorrow, US retail sales data and the European Central Bank’s interest rate decision could bring further market volatility.
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