GBPUSD Rallies on PPI Drop as Fed Easing Bets Intensify Ahead of US CPI
A surprise PPI drop lifted odds of Fed easing, nudging USD sentiment; markets await US CPI and the ECB decision, keeping EUR and GBP anchored ahead of policy cues.
Market context
Follow the story. See which markets it affects. Explore the context.
A surprise PPI drop lifted odds of Fed easing, nudging USD sentiment; markets await US CPI and the ECB decision, keeping EUR and GBP anchored ahead of policy cues.
Oracle surged after blockbuster earnings, Larry Ellison became the world’s richest, Klarna posted a strong NYSE debut, and Bitcoin jumped above $114,000 after a softer-than-expected PPI reading lifte…