It’s been a choppy week against sterling, but the dollar is still stronger overall. It is also stronger against euro.
At lunchtime markets can expect the release of September’s inflation (and core inflation) rate. America’s annual core inflation is forecast to increase to 6.4% following an acceleration to 6.3% in August. If inflation rises as expected, this will be the highest rate the US has seen since March.
Initial jobless claims and EIA gasoline stocks change data will also be released today.
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