US CPI print to offer insights into economic impact
Without a shadow of a doubt the main attraction of the day is the final CPI print from the United States for the month of May, which will provide traders with additional clues as to how Trump’s tariffs impacted consumer prices, but more importantly how this piece of data could steer the Fed’s policy decisions […]
Sterling falters after weak labour growth
Earlier today the British Pound came under pressure, weakening to the $1.35 against the greenback as a fresh bout of labour market data showcased a notable slowdown reinforcing bets from money markets that the BoE will be inadvertently forced to reduce its policy rate further to avoid the knock-on effect on the nation’s growth. More […]