The Standard & Poor’s (S&P) 500 major equity index climbed on Thursday to chew through late Wednesday’s losses as investor risk appetite surged higher after US inflation figures came in below expectations, ramping up investor hopes of a faster, deeper pace of rate hikes from the Federal Reserve (Fed) in 2024.
The EUR/GBP is seeing a welcome break from ongoing Euro (EUR) selling, rebounding a modest two-tenths of a percent against the Pound Sterling (GBP) on Monday.