iSAM Expands UK Presence with Move to New London Headquarters

It is all about the Fed today. They are widely expected to cut interest rates by another 25 basis points to 3.75%.

GBP rallies this morning as 'cost-push' inflationary pressures emerge. UK wage growth surged 5.2% y/y in October, above September’s 4.3% and well ahead of forecasts for 4.6%.

9 more sleeps until Christmas Day and 3 more major market events: namely, the Fed on Wednesday, and the BoJ and BoE on Thursday. Overnight, Asian shares have fallen.