High Inflation Props Up GBP In A Dovish Environment

Financial markets again saw a wobbly week that started well and ended on shaky trading. US markets rebounded on Monday from the prior Friday's sell-off, only to be pegged back on Tuesday amid President Trump's escalation with China over rare earth export controls. Midweek, sentiment steadied as investors sifted through megabank earnings, but Thursday brought renewed stress as regional banks disclosed issues with bad loans.Currency markets mirrored the shifting macro narrative. The US dollar initially caught ...