S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
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Hang Seng — Hong Kong Index
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STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketING’s Chris Turner discusses the Bank of England’s recent dovish stance, which was unexpected and has shifted market expectations towards potential rate cuts. Turner suggests that political pressures could delay the easing cycle, and expects EUR/GBP to find support at 0.8670/80, with a bias towards 0.88 in the coming month.
Market adjusts to dovish BoE
“We see plenty of room for sterling to take the strain here and would look for EUR/GBP to now find support at 0.8670/80.”
“Our bias over the next month is towards 0.88 as political pressure remains on Starmer and data slowly adds to the case for a March BoE rate cut.”
Today Markets
