USD: US inflation increases in October

The only release of note from America yesterday was the inflation rate for October which came in as expected at 2.5% from 2.3% the previous month. The increase is mainly because of an increase in the price of fuel and oil. Trump continues to claim – without a shred of...


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EUR: German economic growth slows significantly

The German GDP growth rate for the third quarter of 2018 came in yesterday and showed a dramatic slowdown. Analysts had been expecting a reading of 1.3%, but the economy actually slowed to 1.1% last quarter, from 2% the previous quarter. It was slightly more positive...


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GBP: inflation holds steady at 2.4%

The headline economic data release yesterday was the inflation figure for October, which held steady at 2.4%. Analysts had been expecting a slight increase to 2.5% and the ups and downs of inflation in recent months have been linked to the pound’s performance. The...


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Brexit draft agreement has support of Cabinet

After a fraught five-hour meeting with her Cabinet, Theresa May emerged from No 10 to confirm that the Brexit draft agreement had the support of her Cabinet. Speaking to the press, she said that she believed with her head and her heart that her deal was the best one...


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USD: more jobs gone in the White House?

The dollar gained a fair amount of ground against sterling yesterday as positive average earnings from the UK helped support the pound at the start of the day. Then came the news that many people have been waiting for, with UK and EU negotiators said to have agreed...


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