by Sharyh Murray-Francis | Nov 30, 2022
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...
by Sharyh Murray-Francis | Nov 30, 2022
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...
by Sharyh Murray-Francis | Nov 30, 2022
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...
by Sharyh Murray-Francis | Nov 30, 2022
The UK government and French-owned energy suppliers, EDF, are set to take a 50-50 equity split for the Sizewell C nuclear plant in Suffolk. The UK government will pay £100m to buy the Chinese-owned company out of their shares. This follows the chancellor’s recent plan...
by Charles Purdy | Nov 30, 2022
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...
by Charles Purdy | Nov 29, 2022
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...
by Charles Purdy | Nov 29, 2022
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...
by Charles Purdy | Nov 29, 2022
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...
by Charles Purdy | Nov 29, 2022
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...
by Roseanne Bradley | Nov 28, 2022
This week US markets are poised for a variety of data releases including personal spending, several Fed speeches and ISM manufacturing PMI for November. At the end of the week, America’s markets will get an insight into the number of new jobs added to the economy with...
