There was some surprising data from the US yesterday, as December’s retail sales figures showed a drop of 1.2%. It is the biggest drop since September 2009, when the US was just coming out of a recession. The…
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The eurozone’s largest economy is on the precipice of recession, as Germany’s economy failed to grow in the fourth quarter of 2018. The latest GDP growth rate figures were expected to climb to 0.1% from -0.2% the previous…
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There were no major economic data releases from the UK yesterday, but sterling slid once more against the dollar, following reports that the government could lose the latest Brexit vote. The pound fell below the $1.28 mark to…
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The day began with reports that Theresa May could lose the latest Brexit vote which caused the pound to weaken against the dollar to fall below the $1.28 mark - its lowest mark for one month. And so…
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Like the UK, inflation in the US fell in January to record a fresh low for some time. Last month, inflation dropped to 1.6% from 1.9% the previous month and, although it was higher than the 1.5% the…
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The only release of note from the eurozone yesterday was the industrial production figures for December 2018. In the previous period, there was a downwardly revised 3% contraction and this time around a drop of 3.2% was expected…
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The biggest monthly drop in the price of gas since the 1980s helped drag inflation down to 1.8% in January - the lowest level in two years. That the cost of things has fallen will be welcome news…
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Yesterday was inflation day for the UK and US and both readings showed a significant drop in January. First up was the UK’s inflation rate which was expected to drop to 1.9% last month from 2.1% the previous…
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