The CBI distributive trades survey results were released yesterday and came in better than expected. Of all retailers surveyed, +23% said sales were up from the same period a year ago. While that is down from +29% in…
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The euro weakened a little against sterling and the dollar, but the moves were minimal to say the least. The good news is that this was driven by events elsewhere, as opposed to negative economic data from the…
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The big release of the day was always going to be the Fed’s interest rate decision, which was more or less certainly going to be in favour of increasing rates to 2.25%. While that much was known, the…
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Just when it looked as if there was some light at the end of what has proved to be a very long tunnel, along come all the EU leaders, Tory sceptics, members of opposition parties and some Tory…
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The pound suffered its worst day against the dollar this year on Friday, following renewed concerns over the prospect of a no-deal Brexit. The Chequers plan put forward by the government was deemed unworkable by EU leaders at…
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As attention was firmly trained on the prospect of a no-deal Brexit, Germany and the eurozone posted a raft of purchasing managers’ indices which slipped under the radar a little. If we look closely at the readings, we…
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Sterling’s loss is always going to be the dollar’s gain, which is an obvious testament to how interlinked everything is on these here currency markets. Dollar weakness has been a feature of the markets in recent times, but…
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Employment in the US has been strong for some time now and there has been some extremely positive jobless claims data of late. However, initial jobless claims were expected to increase a little this time around to 210,000…
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