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CPI on Watch
USD has been under pressure over the European morning on Thursday with the index softening from yesterday’s highs to trade 98.54 last as equities have enjoyed better levels. Though the datasheet for the US has been quiet over the week so far, today we have the release of CPI for August. This could be market moving if we see any surprise to the forecasted 1.8% headline reading and 2.3% core reading.
ECB In Focus
EURUSD is holding up today ahead of the highly anticipated ECB rate decision. The market is broadly expecting the bank to announce a package of easing measures including a cut to the deposit rate, alongside the restarting of QE and repricing of TLTRO’s. Given the built-up level of expectation in the market, any failure to deliver today will likely fuel a sharp move higher in EURUSD. Price is currently hovering under the 1.1025 level for now.
GBP Reacts To Johnson Ruling
GBPUSD has had a...
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