Pound stays above 1.3400 as UK inflation surprise lifts BoE hike bets
GBP/USD trades near 1.3405 after UK September CPI came in hotter than forecast, reinforcing expectations the Bank of England will raise rates next month.
Risk warning
CFDs are complex instruments. 74–89% of retail investor accounts lose money when trading CFDs.
Tag Federal Reserve
France-Germany yield gap approaches 2011 extreme, euro at risk
The gap between French and German 10-year borrowing costs has widened to 175 basis points, nearing the roughly 190-bp peak reached during the 2011 crisis, and Brown Brothers Harriman cautions EUR/USD could drop toward 1.1000 should it keep growing.
US weekly jobless claims fall to 194,000, below forecasts
New US unemployment benefit applications dropped to 194,000 in the week ending October 17, below the 200,000 expected and down from the prior week's revised 200,000, the Department of Labor reported Thursday.
Dollar Index slides to three-week low near 101.45 as yields ease
The US Dollar Index fell to a fresh three-week low around 101.45 as 10-year Treasury yields dropped 0.7% to near 5.07%, pressured by weaker housing data.
Euro slips below 1.1250 as French unrest and fiscal risk weigh
EUR/USD fell to around 1.1225 in early Wednesday trading as protests and fiscal strain in France kept investors cautious on the euro ahead of speeches from several European Central Bank officials.