Forexlive European FX news wrap 12 Oct – Equities firm and the BoE circus continues

News

Highlights from the European Session

Newsquawks US Market Open: US equity futures trade on a firmer footing with the ES back above 3600, GBP outperforms whilst JPY lags

European bourses saw a choppy start to the session, but have since titled to the upside; US equity futures trade on a firmer footing with the ES back above 3600

GBP was volatile but currently stands as the outperformer, DXY is softer but off worst levels, USD/JPY to a fresh 2022 and multi-year best

BoE said the bank has made it clear from the outset that its temporary and targeted purchases of gilts will end on October 14th

Polish pipeline operator said it detected a leak in the Druzhba pipeline; Polish top official said there are no grounds to believe it was sabotage

Looking ahead, US PPI Final Demand, FOMC Minutes, G20 Finance Ministers’ meeting, Astana Summit, Speeches from BoE’s & Mann, ECB’s Lagarde, Fed’s Kashkari, Barr & Bowman Supply from US

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