iSAM Securities Launches CFDs on Futures to Meet Growing Client Demand

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.

GBPUSD is lower this morning at 1.2640, following news that the UK economy shrank by 0.1% in October, against a consensus expectation of a 0.1% gain.