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…
Read more
›
The headline release from the eurozone was the flash consumer confidence reading for September 2018. It had been expected to fall to -2 from -1.9 in the previous month, but the actual figure came in at -2.9. It…
Read more
›
Amidst continuing Brexit uncertainty, there was some extremely positive news from the UK yesterday in the form of retail sales. Analysts had predicted that sales would slip to -0.2% in August, but they actually increased by 0.3% from…
Read more
›
The day after we discovered we are all getting poorer, UK retail sales smashed forecasts. The markets had been expecting a 0.2% decline in August, but they actually increased by 0.3%. However, it is perhaps telling that the…
Read more
›
Following the release of the inflation figures from the UK, the pound surged against the dollar and climbed above the $1.32 mark. However, in the afternoon, reports emerged that May had rejected Europe’s offer of a solution to…
Read more
›
The only real release of note from the eurozone yesterday was the construction output figures for July. Output had been expected to be 1.7%, but it actually increased by 2.6% from a year earlier in July 2018. Growth…
Read more
›
UK inflation hit 2.7% in August to defy expectations and reach its highest level for six months. It effectively means that all of us are poorer – and it will be hoped that it doesn’t keep accelerating in…
Read more
›
On 11 September, we learned that average earnings in the UK increased by 2.9% in the three months to July. This was good news for British households, who have been feeling the pinch for some time now. Yesterday,…
Read more
›
