Yen Surges as Wholesale Inflation Rises; Eyes on US CPI and Lucky Strike Maker BAT Forecasts Strong Revenue Growth

Key Takeaways: 💴 Japanese wholesale inflation accelerated, supporting the case for a Bank of Japan interest-rate hike 💹 U.S. dollar firm against major peers ahead of U.S. inflation data 🇦🇺 Australian dollar fell after dovish central bank policy 🇨🇳 Antipodean currencies boosted by China’s pledges for fiscal and monetary support 📈 U.S. dollar to yen … Read more

Currency Update: Sterling Surges to Over Two-Year High Against Euro, Ukraine Reports Casualties in Cherson, Fairchild Republic A-10 Thunderbolt II Explained, Chancellor Rachel Reeves Denies Return to Politics

Key Takeaways: 💷 British pound hits highest level against euro since April 2022 📈 BOE expected to be less aggressive in cutting interest rates compared to ECB 📉 Sterling appreciated by 0.3% to 82.50 pence per euro 💱 UK government bonds (gilts) experienced decline with yields on 10-year notes climbing to 4.33% 🏦 BOE anticipated … Read more