by Christopher Nye | Mar 4, 2019
Despite some indicators coming in better than expected over the last week, the Eurozone economy is still not looking good. GDP and CPI are both underachieving compared to the ECB’s December Staff Projections – and we will likely see growth and inflation forecasts...
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by Christopher Nye | Mar 4, 2019
The pound continues to benefit from last week’s upswing, albeit slightly reduced from the highs of Wednesday. However, UK factories have been slashing jobs and stockpiling at a record rate, as manufacturing is hit by Brexit uncertainty. Markit’s monthly report on...
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by Christopher Nye | Mar 4, 2019
The pound is still benefiting from the upswing last week, although down from the highs of Tuesday and Wednesday, after Commons amendments meant that a no-deal Brexit seemed less likely. The US dollar weakened as Trump criticised Fed Chair Powell as ‘someone who likes...
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by Christopher Nye | Mar 1, 2019
US GDP data was released for the last quarter of 2018, showing a 2.6% annualised growth rate. This pales in comparison to 3.4% expansion for the July to September quarter and shows that the US economy is slowing, as predicted by the markets. Despite this, the fall did...
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by Christopher Nye | Mar 1, 2019
In some slightly positive news for the Eurozone, German flash inflation came in above forecasts, at 1.6% compared to 1.4% the previous year. Nonetheless, the figure was still below the ECB’s target level, making this the third month in a row. Euro did strengthen...
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