Dollar Softening Against The Pound

One of the more interesting short-term trading moves have been watching is how the dollar's (/DX) been softening against the pound, notes Luke Gromen. He discusses how the British Pound falls after lower U.K. inflation. He talks about the Euro and the Pound have rallied in 2023. He also goes over the divergence between U.S. dollar and rates, as well as how a weaker dollar impacts crude oil. He mentions that we've potentially got an emerging market-like toxic combination of a pronounced downshift in the economy upshift in deficits, while inflation is still far too high. Tune in to find out more about futures and the stock market today.