by Christopher Nye | Feb 15, 2019
There was some surprising data from the US yesterday, as December’s retail sales figures showed a drop of 1.2%. It is the biggest drop since September 2009, when the US was just coming out of a recession. The markets had been expecting an increase of 0.2% which should...
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by Christopher Nye | Feb 15, 2019
The eurozone’s largest economy is on the precipice of recession, as Germany’s economy failed to grow in the fourth quarter of 2018. The latest GDP growth rate figures were expected to climb to 0.1% from -0.2% the previous quarter, but the figure came in at around 0%....
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by Christopher Nye | Feb 15, 2019
There were no major economic data releases from the UK yesterday, but sterling slid once more against the dollar, following reports that the government could lose the latest Brexit vote. The pound fell below the $1.28 mark to hit a one-month low against the greenback....
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by Christopher Nye | Feb 15, 2019
The day began with reports that Theresa May could lose the latest Brexit vote which caused the pound to weaken against the dollar to fall below the $1.28 mark – its lowest mark for one month. And so it proved, as the Prime Minister – who was not present in the...
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by Christopher Nye | Feb 14, 2019
Like the UK, inflation in the US fell in January to record a fresh low for some time. Last month, inflation dropped to 1.6% from 1.9% the previous month and, although it was higher than the 1.5% the markets had been expecting, it is still the lowest reading since June...
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