The pound is still trading slightly below key resistance levels this morning, supported by expectations that the Bank of England could raise interest rates soon. However, some are worried that hiking rates too early could prove to be a policy mistake.
The UK and the EU are now engaging in three weeks of talks following a suggestion to change the part of the Northern Ireland protocol. Although both sides agree that there are problems with the protocol, their suggestions to rectify this are very different.
Data released yesterday showed that US inflation reached a 13-year high in September. The dollar is slightly weaker this morning following this.
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