On an otherwise quiet day for economic data, industrial productions figures for July were released from the eurozone. Both the year-on-year and month-on-month readings unexpectedly fell and came in below expectations.
Read more
›
With no economic data releases from the UK yesterday, attention turned to political events. In Prime Minister’s Questions, Theresa May told MPs that if the UK leaves the EU without a deal, the EU won’t get the £39…
Read more
›
There were some shocks on the markets, with the Chinese stock market hitting its lowest level since January 2016. As Xi Jinping was in Russia with President Vladimir Putin, Chinese stocks were tumbling as a result of Trump’s…
Read more
›
Today is fairly quiet, but tomorrow we will see the inflation rate for August, as well as initial jobless claims up to 8 September 2018. Then on Friday, we will see industrial and manufacturing production figures, as well…
Read more
›
The highlight from the eurozone today was the German ZEW economic sentiment index for September. The last reading was disappointing, coming in at -13.7 and it had been expected to fall further to -14. However, it came in…
Read more
›
Average earnings in the UK, excluding bonuses, increased by 2.9% in the three months to July to ease the burden that many UK households have been feeling of late. Including bonuses, wages grew by 2.6%, up from 2.4%…
Read more
›
Sterling began yesterday by hitting a five-week high against the dollar before falling back as the day progressed. Increased optimism over securing a Brexit deal helped support the pound, before Britain’s biggest car manufacturer, Jaguar Land Rover, attacked…
Read more
›
Robust GDP figures from the UK didn’t do all that much to sterling yesterday morning. Reports that the UK economy expanded on average by 0.6% during the three months to July 2018 would normally help strengthen the pound,…
Read more
›
