Amidst the furore of the Conservative Party Conference and Boris Johnson’s attack on Theresa May, there was the small matter of the UK construction PMI for September. Economists had predicted a fall to 52.5 from 52.9 the previous…
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Italy’s continued budget row with Brussels continues to weigh heavily on the euro, as it hit its lowest mark against the dollar for six weeks. Rome is refusing to back down over plans to target a deficit target…
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With no major releases from the US, attention was understandably drawn to the Conservative Party Conference and the Italian budget row. Still, despite the quiet day for economic data, the dollar managed to hit its highest mark for…
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There were no economic data releases on the schedule yesterday, but figures released by the Society of Motor Manufacturers and Traders showed that the number of cars being produced in the UK fell for the third consecutive month…
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Given that the Federal Reserve announced its interest rate decision at around 7pm BST on Wednesday evening, the market reaction was always likely to spill over into the following day and possibly even beyond that. As expected, rates…
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Reports of a fresh row in Italy’s new government weakened the euro at the start of trading yesterday. There is speculation that the Italian government will attempt to increase next year’s budget deficit which could cause some problems…
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The big release of the day from the US was the final reading of the GDP growth rate for the second quarter of 2018. It was expected to be the same as the previous reading of 4.2% and…
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As expected, the Federal Reserve hiked interest rates to 2.25% yesterday. The markets had priced in the increase, which is the third such rate rise this year. The real focus of attention was on the Fed’s ‘dot plot’,…
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