GBP/USD bull run coming under threat ahead of red hot US inflation data print. Get your market update from RichardSnowFX here:
Reports out of Britain suggest that as many as 100 staffers were invited to a “bring your own booze” drinks event during the peak lockdown period in May of 2020. This is not the first time Johnson’s leadership is being questioned as late last year his party suffered a surprising defeat in the by-election for the North Shropshire region – traditionally a stronghold for the Conservative party – which Johnson took full responsibility for.
data for November as well as US retail sales and the University of Michigan’s consumer sentiment preliminary data for January.print on Wednesday given rising prices and energy costs and the effect this has on the future path of monetary policy. While the hawkish pivot from within the Fed takes shape, markets may look to the forecast number of 7% as confirmation that the Fed will leave no stone unturned when it comes to reigning in inflation but any official response will need to be observed.
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