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GBP/USD might test the 1.3295 level – UOB Group
Pound Sterling (GBP) could test the 1.3295 level; a sustained drop below this level is unlikely. In the longe run, for a continued decline, GBP must first close below 1.3295, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Fri, Oct 24
USD: Long-awaited CPI may not tell us much – ING
Today’s US CPI for September ends a long drought of hard data due to the shutdown. But we don’t expect it to generate a material pick-up in FX volatility. Our call for core CPI is 0.3% MoM and 3.2% YoY – very close to the consensus 0.3%/3.1%.Fxstreet
Fri, Oct 24
Euro zone business activity growth accelerates as demand jumps, PMI shows
Germany's private sector records strongest growth in nearly 2-1/2 yearsFrance's activity declines amid volatile political climateEuro zone services sector leads expansion, manufacturing shows marginal growthBy Jonathan Cable LONDON, Oct 24 (Reuters) - Euro zone business activity unexpecte...Reuters
Fri, Oct 24
Japan's new premier pledges early boost to defence spending, 'proactive' fiscal policy
Aim to reach defence spending goal of 2% of GDP in fiscal 2025Focus on the debt-to-GDP ratio instead of primary budget balanceTo signal willingness to bump defence build-up beyond 2% thresholdBy Makiko Yamazaki TOKYO, Oct 24 (Reuters) - Japan's new Prime Minister Sanae Takaichi pledged on Fri...Reuters
Fri, Oct 24
Bund yields hit 1-1/2-week high after PMI data, traders slightly trim ECB rate-cut bets
By Stefano Rebaudo Oct 24 - Euro zone government bond yields rose on Friday after stronger-than-expected Purchasing Managers’ Index readings from the bloc prompted investors to slightly scale back bets on a European Central Bank rate cut next year.Euro zone business activity unexpectedly grew at ...Reuters
Fri, Oct 24
UK businesses show tentative signs of a turnaround, PMI survey suggests
LONDON, Oct 24 (Reuters) - British businesses might be at a turning point with the manufacturing sector showing signs of a recovery and inflation pressures receding, but caution is still weighing on firms ahead of next month's government budget, a survey showed on Friday. The preliminary UK...Reuters
Fri, Oct 24
Euro zone business activity growth accelerates as demand jumps, PMI shows
LONDON, Oct 24 (Reuters) - Euro zone business activity unexpectedly grew at a faster pace in October as companies received new orders at the quickest rate in two-and-a-half years, suggesting the bloc's economy gained momentum at the start of the final quarter, a survey showed on Friday.The HCOB ...Reuters
Fri, Oct 24
Gold and iPhones give surprise boost to UK retail in September
UK retail sales volumes +0.5% in Sept vs forecast 0.2% fallQ3 sales volumes rise 0.9% on quarter to highest since 2022Boost for GDP growth in third quarterOnline gold sales, new iPhones help lift spendingEconomists see headwinds from inflation, possible tax risesBy David Milliken LONDON, Oct 24 (...Reuters
Fri, Oct 24
Euro zone government bond yields edge up before economic data
By Stefano Rebaudo Oct 24 (Reuters) - Euro zone government bond yields slightly extended their previous day's rise on Friday, as investors remained cautious ahead of key economic data from both the euro area and the U.S. later in the session.Purchasing Managers’ Index readings from France, Ge...Reuters
Fri, Oct 24
Swiss president strikes cautious note on prospects for US tariff deal in 2025
ZURICH, Oct 24 (Reuters) - Swiss President Karin Keller-Sutter declined to say whether her country could this year strike a deal on tariffs with U.S. President Donald Trump, following trade tensions that have strained relations between the two nations. "It's not possible to forecast," Ke...Reuters
Fri, Oct 24
