Sterling climbs as hot UK CPI cements BoE hike bets, Aussie rallies
Sterling rose after UK CPI hit 3.5% against 3.4% expected, while RBA's Hauser put a November hike in play and the dollar held near a 3-week low.
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Sterling rose after UK CPI hit 3.5% against 3.4% expected, while RBA's Hauser put a November hike in play and the dollar held near a 3-week low.
The dollar fell as Iran compromise reports swung oil and US pending home sales hit a record low, while BoE's Greene stayed hawkish ahead of UK CPI data.
Sterling rose after UK unemployment fell to 4.7% and lifted BoE hike bets, while a record Japanese bond auction sparked a yen rally and German PPI jumped.
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The euro fell as unrest in France widened bond spreads, while China's 4.5% Q3 GDP beat lifted the Aussie and softer Canadian CPI eased pressure on the BoC.
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