Ren Liu

Today's slightly higher than expected UK services inflation data could provide some temporary support for $GBPUSD, currently at 1.32431. However, the broader economic outlook remains challenging. I'm seeing this as a 'sell the rally' scenario unless we get a significant shift in the BoE's forward guidance.

Just reviewed the latest Beige Book. Continues to show mixed signals, with some regions reporting cooling inflation pressures while others still see elevated wage growth. No clear consensus yet for a definitive Fed pivot.