Money News Overview Monday 10th October 2023: Dovish remarks from US Federal Reserve officials

Today’s focus is on a mix of key US economic data, set to influence market movements.

On the currency front, the pound has continued to tumble against the dollar, but there are hopes that it will resume its march against both the dollar and the euro in the coming months.

With PPI and CPI being released in the US, Europe, and the UK tomorrow. Another significant discussion point markets will be the UK’s GBP statistics on Thursday, which are predicted to rise to 0.2% from -0.5% MoM.



Looking ahead today. The Labour Party’s leader, Keir Starmer, will address at the party’s annual convention later today. In terms of priorities, he is set to repeat the comments made by the Shadow Chancellor yesterday, arguing that if Labour forms the next government, it will be financially conservative

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A number of Federal Reserve policymakers from the United States are expected to speak. Markets will be looking for reactions to recent developments as well as hints that a US interest rate hike is on the agenda for November.

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