UK Gfk Consumer Confidence (Jan) -16 vs. Exp. -16 (Prev. -17)
The UK Gfk Consumer Confidence index for January came in at -16, aligning with expectations and showing a slight improvement from the previous -17.
PBoC is expected to set USD/CNY mid-point at 6.9481 (prev. 7.0019)
Russia's Kremlin says the talks between President Putin and US envoys have concluded
UK Gfk Consumer Confidence (Jan) -16 vs. Exp. -16 (Prev. -17)
US President Trump says Russian President Putin, alongside others, will have to make concessions to end the war in Ukraine
EU Commission President von der Leyen says Europe will continue to work on Arctic security, step up investments in Greenland and Arctic-ready equipment and deepen cooperation with partners in the region
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This stability suggests that consumer sentiment is not deteriorating further, which could imply a less negative outlook for consumer spending; however, it remains well below neutral, reflecting ongoing economic uncertainty. Markets might view this as a signal that while there is no immediate recovery, the worst may not be worsening, potentially providing some support for the GBP in the near term.
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