Daily Update 20th February 2020
UK released their Consumer Price index which resulted positive but regardless the markets reacted negative for the Sterling Pound due to focus shifting back to Inflation figures rising in UK to 1.8% from 1.3% in December. Later the day US FOMC released their minutes which indicated their current strategy is to hold cautiously optimistic about their Interest Rates this year. HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Yesterday's Market
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