The USD remains strong on hawkish Fed minutes and blowout Nvidia earnings, while the GBP and Gilts have recovered following softer-than-expected UK inflation data.
Key Takeaways
- 1.The US dollar is strengthening following hawkish FOMC minutes that show a majority of members are prepared to hike rates if inflation persists.
- 2.Nvidia reported record-breaking quarterly sales of $81.6 billion, boosting investor confidence in the AI rollout as a global economic tailwind.
- 3.The British Pound and Gilts have rebounded as UK core and services inflation dropped more than expected, easing fears of persistent price pressures.
Table of Contents
- USD: Fed minutes & Nvidia earnings in focus
- GBP: Gilts & GBP rebound as UK fiscal & inflation persistence fears ease
- KEY RELEASES AND EVENTS
- CERTIFICATION
- LEGAL ENTITIES AND BRANCHES
- GENERAL DISCLAIMERS
- COUNTRY AND REGION SPECIFIC DISCLAIMERS
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Authors
Lee Hardman
Securities
NVDAEURUSDGBPUSDUS 2-Year TreasuryUK 30-year Gilt
Themes
Central Bank Policy DivergenceAI as an Economic Tailwind
Regions
North AmericaEuropeUKUnited StatesUnited KingdomJapan