In regards to yesterday’s events, we had another disappointing day from the UK. The inflation numbers that came out missed expectations, which sent the British Pound down against its major counterparts.
In addition to the CPIs, the UK house price index dropped again. The expectation for the YoY figure to come out at +3.8%, but the actual number was +3.0% only.
Jerome Powell delivered his second testimony yesterday, followed by a quite positive one on Tuesday. One of the main things to point out that, if on Tuesday, Jerome Powell tried as much as possible to avoid questions regarding trade tensions...
Read the full financial markets daily report on JFD Research.