UK inflation the notable data release in the session ahead ...Middle East

It is all about the reaction to the US CPI data yesterday and for now, markets are looking calmer so far today. The dollar dropped heavily and may look to be challenged further, with EUR/USD leading the charge as seen here. Meanwhile, equities look poised to extend gains with S&P 500 futures now seen up 0.3%.In European trading today, we will be getting some data points to move things along but nothing to really shift the narrative above. UK CPI data is the big release to watch but don't expect a similar reaction in broader markets to this one as compared to the similar data from the US yesterday.Consumer prices in the UK is expected to fall further in October, with headline annual inflation

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