The headline release from the US yesterday was October’s retail sales figures, which showed healthy month-over-month growth of 0.8%. This was some way better than the 0.5% expected and a marked improvement on the previous month’s figure of…
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What a day. The morning started sedately enough, as we all caught up on Brexit developments. Theresa May managed to get the Cabinet to support her Brexit withdrawal agreement and the pound was hovering around the $1.30 mark.…
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The euro enjoyed a fine day against the pound yesterday following the political fallout we saw from the UK. It is the biggest day of gains against sterling for some time now. Against the dollar, things were much…
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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…
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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%…
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Theresa May managed to get her Cabinet to support her Brexit withdrawal agreement, but any relief she felt is bound to have dissipated by now; Raab has resigned this morning, saying that he cannot support the terms proposed.…
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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…
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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…
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