Markets Steady as Inflation Data Looms
Currency markets are back to treading water this morning, with the dollar remaining effectively unchanged against its major rivals as traders brace for another round of inflation prints. Treasury yields are creeping higher, equity futures are setting up for a positive open, and global oil benchmarks are flatlining even as an Iranian attack on Israel comes into closer prospect. The British pound is trading with a slightly firmer bias after the jobless rate fell unexpectedly, seemingly reducing the impetus for monetary easing from the Bank of England. According to data released by the Office for National Statistics earlier this morning,...