UK inflation gives way for rate hike; pound posts short-lived gains on dovish BOE remarks

UK inflation gives way for rate hike; pound posts short-lived gains on dovish BOE remarks UK inflation in September rose to a 5 ½ -year high according to the Office for National Statistics, gaining one percentage point above the BOE’s 2% target and igniting speculation that a rate hike could emerge in the BOE’s November meeting. However,
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(European Open) – European equities moderately lower; markets “fatigued” by N. Korean Story? European equities moderately lower In Japan, the Nikkei 225 and the broader Topix advanced by 0.4% and 0.2% respectively, hitting fresh multi-year high closes, though gains were more limited relative to previous trading days. Hong Kong’s Hang Seng finished marginally higher and
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  (US Open) – European stocks edge higher; Wall Street opens little changed with Dow not far below 23,000 European stocks edge higher  With the open of US markets at 1330 GMT, the Stoxx 600 was trading marginally higher. The pan-European index fluctuated within a relatively narrow range during today’s trading, having reached a fresh
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 (European Session) – Pound tumbles on dovish BoE comments; Fed chair talk drives dollar higher Pound tumbles   Sterling took a tumble on Tuesday after Bank of England officials appeared more cautious than anticipated in supporting policy tightening even as UK inflation rose to a 5½-year high in September. The US dollar enjoyed a second day
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Canadian Dollar forecast  Currency pairs US Dollar Canadian Dollar USD/CAD is trading at 1.2521. The pair is trading above the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2510, from which it is expected to rebound and continue
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