Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
The UK gilts plunged Tuesday as investors have largely shrugged-off the fall in the country’s crucial construction PMI for the month of September. Now, investors will remain glued to read the services PMI for September, scheduled to be released on October 4 by 08:30GMT.
The yield on the benchmark 10-year gilts, jumped nearly 5 basis points to 1.40 percent, the super-long 30-year bond yields climbed 3-1/2 basis points to 1.91 percent and the yield on the short-term 2-year also traded 3-1/2 basis points lower at 0.46 percent by 09:05 GMT.
The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) registered 48.1 in September, down from 51.1 in August and below the crucial 50.0 no-change threshold mark, for the first time in 13 months. The latest reading signalled the fastest decline in overall construction output since July 2016.
The latest decline in work on commercial development projects was the second-sharpest since February 2013 (exceeded only by the post-EU referendum dip seen last July). Survey respondents widely commented on a headwind from political and economic uncertainty, alongside extended lead times for budget approvals among clients.
Meanwhile, the FTSE 100 traded 0.06 percent higher at 7,442.75 by 09:15 GMT, while at 09:00GMT, the FxWirePro's Hourly Pound Strength Index remained neutral at -43.62 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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