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Spain 6-Month Letras Auction declined to 1.931% from previous 1.944%

Bank of England (BoE) Governor Andrew Bailey stated during the European trading session on Tuesday that the focus on maintaining financial stability has become more important than ever, given increased risks.

The Pound Sterling (GBP) rose this week following relief over the UK Autumn Statement and broad USD weakness, pushing cable above 1.3275 and further away from early November lows.

The US Dollar is trading higher for the second consecutive day against the Canadian Dollar, reaching levels past 1.4000 during the European morning trading.

• Given increased risks, maintaining focus on financial stability is more important than ever.
• Risks to financial stability have risen.
• Most important thing we can do for economic growth is support financial stability.
• I would expect banks to support economy through lending following capital changes.

There are no monetary policy comments. As a reminder, the BoE is expected to cut the Bank Rate by 25 bps this month following yet another soft UK labour market report and benign inflation data.

This article was written by Giuseppe Dellamotta at investinglive.com.

Eurozone headline inflation ticked up slightly in November, rising to 2.2% yoy from 2.1% and coming in just above expectations of 2.1%. Core CPI (ex energy, food, alcohol & tobacco) held unchanged at 2.4%, matching forecasts. Looking at the details, services were the main driver of inflation, climbing to 3.5% from 3.4%. Food, alcohol and […]

The post Eurozone CPI edges higher to 2.2% in November; services rise to 3.5% appeared first on ActionForex.

Euro zone inflation stood at 2.2% in November, a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday.

Select merchants were unable to log in to Shopify, while others couldn’t access their point-of-sale systems, the company said.

Eurozone Core Harmonized Index of Consumer Prices (MoM) fell from previous 0.3% to -0.5% in November

• Prior +2.1%
• Core CPI +2.4% vs +2.4% y/y expected
• Prior +2.4%

This article was written by Justin Low at investinglive.com.