UK Inflation Rate: Highest In 2 Years


British inflation figures released this morning by the Office for National Statistics (ONS) show the Consumer Pricing Index (CPI) reached 1% in September, the highest level since November 2014. It’s also the highest single month growth, since June 2014. Core inflation reached 1.5% in September.

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GBP/USD Loses Close to 18% since Brexit Referendum


The GBP has been badly shaken since the Brexit vote held in June. The British currency’s downfall has accelerated with the British Prime Minister’s announcement of Article 50 being triggered at the end of March, 2017.

Article 50, for those unfamiliar, is a 5-point plan in part of the Lisbon Treaty, in case any EU nation decides to exit the Union. In short, activating Article 50 is the finalisation of the UK’s retreat from the European Union.

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FTSE100 without Clear Direction This Morning


The British index started the week slightly in the red, but remains around 7000 points. Last week’s flash crash pushed British stocks higher. The pound is still down this morning as investors are still worried about a “hard Brexit”. The causes of last week’s flash crash are also unclear, which isn’t helping the British currency to recover.

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NFP: US employment situation still solid


The employment report for September 2016 showed that fewer jobs were created than expected: 156,000 vs the estimate of 172,000. The unemployment rate rose slightly to 5%, with the participation rate increasing slightly. The average hourly earnings for all private sector employees excluding farm sector rose 6 cents to $25.79. Over the year, average hourly earnings rose 2.6%.

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GBP/USD: Below the bottom after the Brexit

24553454846_e80879b714_b.jpgYesterday, the price of the GBP/USD pair fell below the lowest post-Brexit level, following the announcement by Theresa May, UK Prime Minister, to trigger Article 50 of the Lisbon Treaty by the end of the first quarter of 2017. The plunge of the Pound pushed indices such as FTSE100 and FTSE250 higher. The latter hit a record high, while the FTSE100 is currently very close to its all-time highs.

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