Sterling strengthened against the US dollar following Bailey’s speech, while major European equity indices slipped.
The movements were noted in the daily market roundup for October 8, 2026, which also recorded gold prices edging higher and oil jumping; Germany’s August trade balance came in at 19.5 billion euros, below the prior month’s 21.6 billion but above the 19.0 billion forecast, with exports down 0.8% month‑on‑month versus a 0.8% expected rise and imports up 0.9% against a 2.8% projected increase.
The report was published by Econotimes, which aggregates daily European market movements.
