The UK CPI report was the only highlight of today’s calendar. The data missed expectations across the board by a big margin and prompted the market to price in high chances of another 25 bps cut in December.
Looking ahead there’s no notable economic release on the agenda. We can highlight the release of the US import prices though as they are used as inputs to forecast the US PCE report due later in the month.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
