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S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
GBPMarketsUSD

Pound Steady as Hotter UK Inflation Tempers BoE Rate-Cut Hopes

The pound was little changed at $1.344, holding above a four-week low of around $1.338 touched on January 15, after fresh data showed UK inflation accelerated more than expected in December, curbing expectations for further interest rate cuts by the Bank of England. Annual inflation rose to 3.4%, up from November’s eight-month low of 3.2% and above market forecasts of 3.3%. Core inflation was unchanged at 3.2%, in line with expectations, while services inflation, closely monitored by the BoE as a gauge of domestic price pressures, edged up to 4.5% from 4.4%, marking a smaller-than-anticipated increase. The data followed a labor market report showing the unemployment rate unchanged at a pandemic-era high of 5.1%. Elsewhere, the US dollar remained under pressure, as heightened tensions between the US and Europe, sparked by President Donald Trump’s escalating threats over Greenland, weighed on confidence in US assets.

Today Markets

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