Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Trump Administration Plans Major Rollback of Biden-Era Fuel Economy Standards 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
The UK. Consumer Price Index (CPI) data is set to be released today, and it’s an important indicator for understanding inflation trends and potential changes in the BOE monetary policy.
- Headline CPI: Expected to rise to 2.3% YoY, up from 1.7% in September. This increase would bring inflation back above the Bank of England's (BoE) target of 2.0%.
- Core CPI: Forecasted to ease slightly to 3.1% YoY, compared to 3.2% reported in September.
- Monthly Change: A monthly increase of 0.5% is anticipated, reflecting ongoing inflationary pressures.
The increase in headline inflation is mainly due to base effects and higher utility prices. This could mean that the Bank of England might pause its plans to cut interest rates in December. As a result, we might see more ups and downs in the value of the Pound Sterling as traders respond to this information.
