The British Pound is edging lower after yesterday’s better-than-expected inflation report sent UK Gilt yields tumbling.

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Better-than-expected UK core inflation data breathed life into the FTSE, placing the index well above two major levels of resistance in less than two days

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The Yen enjoyed a slight uptick in the Asian session following a trade surplus in June. Murmurs around intervention is likely to continue to keep the Yen supported with losses likely to be short lived.

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​The Dow is sitting close to the 2023 it hit yesterday, while the Nasdaq has seen momentum dissipate. Meanwhile, the Nikkei 225 has seen a wave of selling that threatens to negate the bullish view seen earlier in the week.

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The euro looks to be running out of steam despite persistent high inflation ahead of next weeks ECB and FOMC announcements.

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