Risks remain lower for GBP, however, markets are nearing peak bearishness.

U.S. Consumer Sentiment saw a jump from November’s 67.4 to 70.4, above the forecasted level of 67.1.

US CPI hits 40yr high, USD dip to be transitory amid FOMC next week

Chinese Authorities Take Action to Curb Yuan Strength

Gold continues to trade in a tight range and sits just above an important support level ahead of the latest look at runaway US inflation

The October GDP miss is mainly attributed to weakness in manufacturing, construction and industrial sectors with total GDP now just 0.5% off pre-pandemic levels