The UK economy recorded no growth in the third quarter. The pound rallied on Friday as the US dollar fell due to soft inflation figures. US inflation rose by 0.1%, below estimates of 0.2%. The GBP/USD outlook shows further weakness in the UK economy after the Office for National Statistics downgraded its estimate for Q3...
Inflation increased by 0.1%, lower than the forecast of 0.2%. Market participants have adjusted to a more gradual outlook for the Fed. Data from Canada showed retail sales increasing by 0.6%. The USD/CAD forecast shows an extension of last week’s rally after a brief pause on Friday. The dollar eased as the week ended due...
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