Currency Note


USD: Unemployment predicted to rise

Today the US Dollar braces itself for various key data releases, including US Q3 GDP data which is due at 2:30pm UK time. Later this week markets will see the numbers from America’s official employment report. Non-farm payrolls are expected to rise by 200...

EUR: Key inflation data across the eurozone

Alongside the eurozone inflation, Italy’s latest inflation rate will be released today just before lunch. The country’s inflation is predicted to edge down slightly from 11.8% in October to 11.5%. This follows October’s rate soaring to the highest in...

GBP: UK car market predicted to boost economy

Britain’s car and van market is expected to boost the economy by £14bn next year as supply chain shortages ease. The Society of Motor Manufacturers and Traders say that manufacturers are expecting production lines to produce 984,000 vehicles, pointing to a...

How retiring overseas can make you money

Having dropped 1% on Monday, sterling made some attempts to climb back again yesterday. However, it all remains uncertain for exchange rates as multiple factors weigh in, including the rise of Covid in China (where only 38% of over-80s are fully vaccinated) and its...

USD: Dollar gains from risk off mood

The dollar was the big winner from worries over the global economy as unrest in China in reaction to draconian Covid lockdown rules were described as the worst unrest since Tiananmen Square in 1989. There was some data hitting the wires after the hiatus for...

EUR: Single currency slides against all but GBP

A mixed day for the single currency saw it gain 1% on the US dollar in the morning session, and then lose it all in the afternoon. It managed to hold on to some of its gains against the pound. Later this morning we’ll hear German inflation for November, which will...

GBP: Pound pegged back

Sterling’s gains over the last fortnight were sharply pegged back yesterday, as the pound lost almost 1% during the course of the morning. The only data release yesterday was CBI Distributive Trades, which showed not just a sharp decline in sales, but also an...

Chinese demonstrations spook markets

The week started in a negative fashion for sterling, losing between 0.5 and 1% against the euro, US dollar and yen. The cause looks to have originated on the other side of the world, with unrest in China that could affect global trade and has left stock markets...