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British Pound: Fragile labour market clouds BoE hikes - Commerzbank
Commerzbank’s Michael Pfister argues that rising Oil prices have sharply lifted UK rate expectations, with markets now discounting four Bank of England hikes by mid-2027 versus just over one in June.
Forex Today: US Dollar strengthens on hotter US inflation, rising Fed hike expectations
Here is what you need to know on Tuesday, September 15:
France Inflation ex-tobacco (MoM) climbed from previous 0.6% to 0.7% in August
France Inflation ex-tobacco (MoM) climbed from previous 0.6% to 0.7% in August
France Consumer Price Index (EU norm) (MoM) registered at 0.7%, below expectations (0.8%) in August
France Consumer Price Index (EU norm) (MoM) registered at 0.7%, below expectations (0.8%) in August
France Consumer Price Index (EU norm) (YoY) below forecasts (2.7%) in August: Actual (2.6%)
France Consumer Price Index (EU norm) (YoY) below forecasts (2.7%) in August: Actual (2.6%)
Equities: AI slowdown fears hit chip stocks – Deutsche Bank
Deutsche Bank’s Jim Reid reports that US equities weakened as AI slowdown headlines triggered a sharp selloff in semiconductor names, dragging the broader S&P 500 lower.
Japanese Yen: Higher Q4 range projected – Standard Chartered
Standard Chartered’s Chong Hoon Park and Nicholas Chia expect the Bank of Japan (BoJ) to deliver a 25bps rate hike in September but maintain a gradual normalisation path.
British Pound pushes against five-week lows following mixed UK employment data
The British Pound (GBP) extends losses against the US Dollar (USD) on Tuesday, with the GBP/USD pair hovering a few pips above five-week lows near 1.3465 at the London session opening times.
Japan’s Katayama says will scrutinise budget requests for next fiscal year strictly going forward
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that the official will not rely on deficit-covering bonds to fund the tax cut. Katayama added that government will scrutinise budget requests for next fiscal year strictly going forward.
ECB policymakers agree: Inflation in Eurozone to remain high amid energy crisis
The Euro (EUR) is down 0.12% at around 1.1535 against the US Dollar (USD) in the early European trading session on Tuesday.
Indian Rupee: RBI support tempers depreciation risks versus US Dollar - MUFG
MUFG’s Michael Wan assesses Reserve Bank of India's (RBI) June 2026 FX measures and their impact on the Indian Rupee and USD/INR. He notes a large build-up of FX reserves and liquidity, and argues these measures have reduced tail risks of sharp INR depreciation.
British Pound drops against Japanese Yen after UK labor market data
The British Pound (GBP) faces slight selling pressure against the Japanese Yen (JPY), dropping to near 208.60 on Tuesday after the release of the United Kingdom (UK) labor market data for three months ending July.
United Kingdom Claimant Count Rate: 4.4% (August) vs 4.3%
United Kingdom Claimant Count Rate: 4.4% (August) vs 4.3%