UK BoE Consumer Credit (Dec) 1.524B vs. Exp. 1.7B (Prev. 2.143B, Rev. From 2.077B, Low. 1.7B, High. 1.9B)
The December consumer credit figure from the Bank of England came in at 1.524 billion, below expectations of 1.7 billion, indicating softer consumer demand than anticipated.
SNB says they have acknowledged the US Treasury Department's latest report; not engaging in CHF manipulation
Italian Unemployment Rate (Dec) 5.6% vs. Exp. 5.8% (Prev. 5.6%, Rev. From 5.7%)
UK BoE Consumer Credit (Dec) 1.524B vs. Exp. 1.7B (Prev. 2.143B, Rev. From 2.077B, Low. 1.7B, High. 1.9B)
[MARKET UPDATE] Spot silver has wiped out the entirety of this week's gains, currently trading at USD 101/oz
Pantheon's Vistesen writes "State CPIs in Germany coming in very hot here, at least relative to our expectations; this will be a bad day for ECB doves, by the looks of it."
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This miss, especially given the significant downward revision from the previous month's figure, could imply concerns over consumer spending and may influence the BOE's policy stance moving forward, potentially heightening dovish sentiment.
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