Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
While the United Kingdom has been surprising the markets, economist and the doomsayers with continued resilience after the referendum in June, on the other side of the world the United States’ economic performance has taken a slide compared to the prevalence expectations. Citi’s UK economic surprise index has reached the highest level in almost three years but the economic surprise index in the United States has taken a downturn since July.
Though, two central banks are on a different path of monetary policy. The Bank of England (BoE) has recently unveiled a fresh package of stimulus measures, whereas the Federal Reserve is looking to hike interest rates. With economic surprises diverging, the market expectations of the monetary policy divergence are likely to slide and provide support to the GBP/USD exchange rate and even lead to a recovery.
The pound is currently trading at 1.323 against the dollar, a break above 1.34 are could push the pair towards 1.38
