Sterling Rallies After Strong UK Retail Sales, Yen Recovers on Japan’s Verbal Intervention
Sterling rises broadly today, driven by unexpectedly strong retail sales figures for September. This recovery suggests that the negative impact of weaker-than-expected CPI data earlier in the week has been fully absorbed by the market. While it now seems likely that BoE will proceed with interest rate cuts in November, the pace of monetary easing […] The post Sterling Rallies After Strong UK Retail Sales, Yen Recovers on Japan’s Verbal Intervention appeared first on Action Forex.
Sterling rises broadly today, driven by unexpectedly strong retail sales figures for September. This recovery suggests that the negative impact of weaker-than-expected CPI data earlier in the week has been fully absorbed by the market. While it now seems likely that BoE will proceed with interest rate cuts in November, the pace of monetary easing […]
The post Sterling Rallies After Strong UK Retail Sales, Yen Recovers on Japan’s Verbal Intervention appeared first on Action Forex.
What's Your Reaction?
