RE: Bid ? strange move up12 Jan 2023 15:49
inflation was sticky at 6.5 headline as expected. The wage inflation came in higher, watched by the fed. hence the indigestion in the US.
The direction is down, the fed is behind again and the market is moving higher with loads of players underweight in equities.
Add into the mix the UK, undervalued for years (brexit and anti UK sentiment) - bodes well and the Stg strength of late - nothing to do with Truss being ousted - poor Liz - has reset all.
HFG undervalued but as with DLG always worth trimming into rises.