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The Trump rally seems to have returned in full force, the Dow Jones adding another 100 points to its tally after the bell. That takes the index within striking distance of 20400, and means it has travelled around 2000 points since the US election last November. Interestingly this Dow strength didn’t come at the expense of the dollar; the greenback took half a percent off the yen and 0.3% off the euro, though it could only shrink its losses against the pound to 0.1%.

That’s because sterling seems to have its eyes firmly locked on tomorrow’s UK inflation reading, which analysts are expecting to near the Bank of England’s targeted 2%. The prospect of such an upward CPI swing, and the potential ramifications this has for a BoE rate hike, has helped the pound hold off the dollar while nabbing nearly half a percent in growth from the euro.

It has also prevented the FTSE from fully joining in with the day’s rally; while a 0.5%, 7300-approaching rise is nothing to sniff at, it doesn’t compare to the gains seen in the Eurozone. As, despite the increasingly appearances of the Greek debt crisis on the newswires, the DAX and CAC managed to surge by 1.1% and 1.5% this Monday, in part boosted by the weakened euro.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

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