Post #15704

UK Inflation Surprises Higher The pound is catching a bid after UK inflation surprised to the upside, pushing back against expectations for further BoE rate cuts. Headline CPI accelerated to 3.4%, while sticky services inflation edged higher, reinforcing the idea that domestic price pressures remain firm even as the labor market shows signs of cooling. Meanwhile, the U.S. dollar remains on the back foot as renewed U.S.–Europe tensions tied to Trump’s Greenland rhetoric weigh on confidence in U.S. assets. Markets are watching closely to see whether upcoming remarks restore a “Buy America” narrative or keep pressure on the dollar. Trump on using excessive force: "I won't do that" - Alan