EUR/JPY weakens as ECB holds rates and BoJ hike bets support the Yen.EUR/JPY weakens as ECB holds rates and BoJ hike bets support the Yen

November CPI: Take It with the Entire Salt Shaker.The November CPI report creates more questions than answers about the recent pace of price growth. Consumer prices rose 2.7% in the 12 months ending in November, materially below our expectations for a 3.0% gain.

Bank of England Review – Split Committee Cuts Bank Rate.The Bank of England (BoE) cut the Bank rate by 25bp to 3.75% in line with our expectation and market pricing. The vote split was 5-4 (cut vs.

US: Headline & Core Inflation Unexpectedly Cool in November .The government shutdown impacted the Bureau of Labor Statistics' (BLS) data collection process during the month of October. Accordingly, the BLS is not reporting headline and core CPI inflation figures for that month, but they did report some sub-indices that are based on non-survey data.

US CPI Misses Sharply at 2.7% (3.1% exp); BoE Cuts Rates to 3.75% as ECB Holds at 2% – Market Reactions.This morning is a blessing for volatility traders and economists – A triple slate of high-tier change just landed in the past hour and a half.

Natural Gas Price Outlook – Natural Gas Continues to Bounce on Thursday.Natural gas gaps higher as buyers defend key support near $4, supported by seasonal demand and technical backing. The market shows signs of recovery, with no interest in shorting during this bullish time of year.

Crude Oil Price Outlook – Crude Continues to Look Soft.Crude oil remains under pressure after a failed gap higher, with markets struggling to form a durable bottom. Key support levels are being tested as oversupply and weak global demand continue to dominate the outlook.

Lagarde speech: We look carefully at appreciation of Euro.Lagarde speech: We look carefully at appreciation of Euro

Lagarde speech: No set date for any move.Lagarde speech: No set date for any move

Hawkish BoE Cut Lifts Sterling, Dollar Weakens on Soft CPI.Sterling rallied broadly after the BoE delivered a widely expected rate cut that came with a distinctly hawkish undertone. The 5–4 vote, with four members dissenting in favor of holding rates steady, was a surprise and prompted a reassessment of how smooth the easing path ahead will be.

US initial jobless claims fall back to 224k, match expectations.US initial jobless claims fell -13k to 224k in the week ending December 13, matched expectations. Four-week moving average of initial claims rose 500k to 217.5k.

US CPI slows sharply to 3.7% in November, core down to 2.6%.US inflation slowed more than expected in November, with the data compared against September levels due to the absence of October figures following the government shutdown.

VIEW ECB keeps rates unchanged, turns more positive on economy.The European Central Bank on Thursday left euro zone interest rates unchanged, as expected, and took a more positive view on the regional economy, which helped lift the euro.

ECB holds rates, forecasts reinforce inflation convergence around target.The ECB left its deposit rate unchanged at 2.00%, in line with expectations, signaling continued confidence that current policy settings remain appropriate. With inflation broadly converging around target and growth improving, policymakers saw no need to adjust rates at this stage.

Russia Central Bank Reserves $ dipped from previous $741.5B to $741B.Russia Central Bank Reserves $ dipped from previous $741.5B to $741B

Eurozone ECB Rate On Deposit Facility in line with forecasts (2%).Eurozone ECB Rate On Deposit Facility in line with forecasts (2%)

Bank of England cuts rates after tight vote but signals caution about further moves.The Bank of England cut interest rates on Thursday after a narrow vote by policymakers, but it signalled that the already gradual pace of lowering borrowing costs might slow further.

GBP/JPY nudges higher after BoE cut, BoJ decision in focus.GBP/JPY nudges higher after BoE cut, BoJ decision in focus

Bank of England cuts rates in tight vote, sterling rises.The Bank of England cut interest rates on Thursday after a narrow vote by policymakers, but it signalled that the already gradual pace of lowering borrowing costs might slow further.

BoE cuts to 3.75% with hawkish vote, future easing a closer call.The BoE delivered a widely expected 25bps rate cut, taking Bank Rate to 3.75%. However, the decision was accompanied by a surprisingly hawkish 5–4 vote split.

Bank of England lowers rates after tight vote but signals caution about further cuts.LONDON, Dec 18 (Reuters) - The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.

United Kingdom BoE MPC Vote Rate Hike meets expectations (0).United Kingdom BoE MPC Vote Rate Hike meets expectations (0)

USD/JPY rises to near 156.00 ahead of US CPI data, BoJ policy decision.USD/JPY rises to near 156.00 ahead of US CPI data, BoJ policy decision

Dollar holds above 98 after weak US payrolls – MUFG.Dollar holds above 98 after weak US payrolls – MUFG

Pound Holds Its Breath Ahead of Bank of England Decision.The British pound declined to around $1.3300 against the US dollar on Wednesday, as UK inflation undershot expectations and reinforced market convictions that the Bank of England (BoE) will cut interest rates on Thursday.

Rupee extends intervention-spurred rise, merchant flows dominate.The Indian rupee saw a slight gain on Thursday, recovering from a record low after the Reserve Bank of India's market intervention. Traders noted increased dollar sales and reduced speculative bets against the rupee.

USD/JPY holds above 155 ahead of BoJ policy update – MUFG.USD/JPY holds above 155 ahead of BoJ policy update – MUFG

GBP weak ahead of BoE meeting on weaker CPI – MUFG.GBP weak ahead of BoE meeting on weaker CPI – MUFG

US CPI preview: Another messy report as shutdown skips October numbers.As mentioned earlier, the inflation data later is likely to overshadow major central bank decisions for today. However, it is going to be a messy one as the report is marred by the US government shutdown in October through to November.

EUR: ECB likely to hold rates, signal policy 'in good place' – MUFG.EUR: ECB likely to hold rates, signal policy 'in good place' – MUFG