British Finance Minister Hunt: Today’s data shows that the plan to deal with inflation is working.

British Chancellor of the Exchequer Hunt: It is more important to stick to our plan to halve inflation.

British Finance Minister Hunt: Inflation is still too high.

Market News: The Central Bank of Russia may restrict market operations for Tier 3 capital stocks.

British Home Secretary Braverman: I don’t think our commitment has weakened, but we need to put the cost of living first.

British Home Secretary Braverman: (On banning the sale of petrol cars) We will put workers and the economy first.

GBP/USD hit its lowest point since May 30, and GBP/USD hit its lowest point since August 11 against the euro.

EUR/GBP rose 0.5% to 0.8658.

The Nikkei 225 Index closed down 242.00 points, or 0.73%, on September 20 (Wednesday), at 33022.00 points.

The Swedish government submitted the 2024 budget bill, including 39 billion Swedish kronor in reform measures.

After the UK CPI data was released, Y UK FTSE 100 index futures turned higher, last rising 0.06%.

Goldman Sachs: OPEC can keep Brent crude oil in the range of US$80 to US$105 in 2024 by taking full advantage of Asia-centric global demand growth and actively exercising pricing power.

Goldman Sachs: OPEC supply has dropped significantly, and crude oil demand has increased more than U.S. supply.

Goldman Sachs: At the same time, due to strong support from OPEC, Brent crude oil prices are unlikely to continue to fall below $80 per barrel next year.

Goldman Sachs: We believe most of the rally in oil prices has passed and Brent crude is unlikely to sustain above $105 a barrel next year.

Goldman Sachs: Now assume that Saudi Arabia will gradually lift the additional 1 million barrels per day of production cuts starting in the second quarter of 2024, but the 1.7 million barrels per day of production cuts jointly implemented with the other eight OPEC+ countries will remain fully implemented next year.