Calm returns to markets
There is little data of note due out today, with the rest of the week also light on big ticket economic releases.
Swedish krona drops as euro gains
Sweden’s krona fell as the euro climbed.
Fear rattles markets
After a week of unrest and sell-offs, it seems that the market recovery is grinding to a halt.
Weak US Retail Sales Rattle Markets
It was a wild afternoon for the financial markets yesterday following confirmation that US retail sales fell by 0.3 per cent month on month against the expectations of a 0.1 per cent fall.
All eyes on jobs data
A drop in yesterday’s headline UK inflation data to a five-year low of 1.2 per cent dampened rate hike expectation for the rest of the year.
Pound lower before UK inflation data
Sterling down ahead of consumer price inflation figures on Tuesday.
UK inflation numbers to determine timing of interest rate hike
With the US markets closed yesterday for Columbus Day, trading was fairly muted and remained range bound for the Greenback.