Money Street News


Good morning. We get UK growth data. Apple pushes ahead with a tabletop robot. Hedge funds battle to turn ChatGPT into analyst. Here’s what people are talking about.

Investors await another key piece of data to gauge the path of UK interest rates. Following jobs and inflation figures earlier this week, trader attention turns to GDP today and retail sales later in the week. After inflation accelerated less than forecast, traders added to bets on policy easing from the Bank of England this year, fully pricing two more quarter-point reductions. The pound is little changed early on today, still the best performing major currency this year, largely due to bets the BOE will keep rates high relative to other major central banks.



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