by Alexander Fordham | Oct 18, 2018
The dollar enjoyed a decent day against sterling following the release of UK inflation data. Closer to home, the number of new housing projects dropped by 5.3% in September. Part of the reason is the lasting effects of hurricane disruption, but it was still a bigger...
by Alexander Fordham | Oct 18, 2018
As expected, inflation climbed to 2.1% in September from 2% in the previous period. This will not be a worry as it is so close to the European Central Bank’s target rate of 2%. There was some good news in the form of the construction output figures in August....
by Alexander Fordham | Oct 18, 2018
It has been a fairly positive week for UK economic data this week – at least as far as UK household finances are concerned. Earlier in the week, we saw average earnings rise by 3.1% in the three months to July and yesterday saw inflation drop to 2.4% in...
by Alexander Fordham | Oct 18, 2018
The good news continued yesterday as we learned the cost of living squeeze has eased. On Tuesday, figures released showed that average earnings excluding bonuses had risen by 3.1% in the three months to July. It was the fastest increase for almost ten years. Then, on...
by Alexander Fordham | Oct 16, 2018
The dollar weakened against the euro and had a topsy turvy day against sterling as Brexit-related news caused some volatility in the pound. US retail sales for September were released and showed that they only grew by 0.1% against an expectation of 0.6% growth....
by Alexander Fordham | Oct 16, 2018
On what was an extremely quiet day for the eurozone and economic data, the President of the European Council, Donald Tusk, wrote a letter to EU governments in which he said that Brexit is more complicated than expected. Tusk also said that the EU must begin preparing...
by Alexander Fordham | Oct 16, 2018
Theresa May delivered a Brexit statement to the House of Commons yesterday but the response from MPs was notably underwhelming. The Prime Minister is cutting an increasingly isolated figure at present and it is difficult not to sympathise with her. May campaigned to...
by Alexander Fordham | Oct 16, 2018
The weekend was dominated by headlines which revolved around Brexit and were a far cry from the Dow Jones report which claimed a divorce agreement could be settled within a week. Less than a week ago, the outlook was more positive than it had been for some time and...
by Alexander Fordham | Oct 8, 2018
In recent times, markets around the world have become increasingly concerned about the inflationary impact of falling US unemployment, with some believing it could lead to a demand for higher wages. In addition, there is the threat to emerging markets – many...
by Alexander Fordham | Oct 8, 2018
On Friday, there were two pieces of economic data which were worthy of our attention. The Halifax house price index for September showed that UK house prices fell by 1.4% last month, which is the sharpest fall since April 2018. It follows a 0.2% fall in August and was...
