UK S&P Global Services PMI Sep P: 51.9 (est 53.5; prev 54.2)
- Manufacturing PMI: 46.2 (est 47.1; prev 47.0)
- Composite PMI: 51.0 (est 53.0; prev 53.5)
Lower than expected PMI data may reduce market bets on more hawkish BoE stance regarding interest rates policy. That's why we observe bearish momentum on GBPUSD pair.
🔴Daily summary: Wall Street ignores hawkish inflation, oil falls sharply despite geopolitical tensions
US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields
Breaking: Time for a tough call for Fed as monthly hotter Core CPI tests market expectations
🟡Gold Rebounces Ahead of CPI