Daily Market Update 12/05/2023
Key Points: • BoE hikes by 0.25% • UK economy growth slows •
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Key Points: • BoE hikes by 0.25% • UK economy growth slows •
Key Points: • US inflation continues to ease • Bank of England with one final
Key Points: • GBP breaks to 5-month high vs EUR • BoE meeting tomorrow remains
Key Points: • Sterling trades at new 2023 highs vs the euro • ECB warn
“Investors are closely monitoring the performance of regional bank stocks in the US and are also eagerly anticipating the release of the April jobs report
Key Points • USD continues to slide • Fed rate expectations head lower •
“The dollar fell this morning ahead of the Fed’s expected 25bp interest rate hike this evening as gloomy jobs data, a standoff over the US
“The AUD is strengthening compared to other currencies due to the Reserve Bank of Australia’s decision to increase its policy rate by 25 basis points
Key Points • Lower volatility keeps trading rangebound • EU growth to keep rate hikes
“The US dollar gained from the negative market sentiment yesterday, however, is struggling to maintain its recovery gains this morning as investors shift their focus