Morning market update 17 12 2021 with LCMS Traders:
Another eventful day in markets yesterday with a surprise from the BoE raising rates and helping the GBPUSD move to 1.3365 before having a breather. ECB a little hawkish with decreasing it's Asset Purchase Program into next year, seeing some buying coming in which was also aided with the DXY pulling back as the PMI's came in a little weaker and Industrial Production rose by 0.5% compared with 1.7% the previous last month. Today has the EUR CPI out at 18:00 GMT+8 tonight, and no significant news out from the US with the JPY & Gold strengthening in the US session as risk sentiment remains off.
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