..donuts. What did you think I was gonna type?
The FT makes the case that high UK inflation slows the UK economy as consumers are forced to pay more for staples, reducing growth. This sends gilt yields lower, undermining the pound, or something like that…
At the moment, we trade at the 38.2% retracement of the 1.52801.5850 rally. A break targets the 50% retracement in the coming days at 1.5565.
