by Christopher Nye | Oct 18, 2018
As expected, inflation climbed to 2.1% in September from 2% in the previous period. This will not be a worry as it is so close to the European Central Bank’s target rate of 2%. There was some good news in the form of the construction output figures in August....
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by Christopher Nye | Oct 18, 2018
It has been a fairly positive week for UK economic data this week – at least as far as UK household finances are concerned. Earlier in the week, we saw average earnings rise by 3.1% in the three months to July and yesterday saw inflation drop to 2.4% in...
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by Christopher Nye | Oct 18, 2018
The good news continued yesterday as we learned the cost of living squeeze has eased. On Tuesday, figures released showed that average earnings excluding bonuses had risen by 3.1% in the three months to July. It was the fastest increase for almost ten years. Then, on...
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by Christopher Nye | Oct 16, 2018
The dollar weakened against the euro and had a topsy turvy day against sterling as Brexit-related news caused some volatility in the pound. US retail sales for September were released and showed that they only grew by 0.1% against an expectation of 0.6% growth....
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by Christopher Nye | Oct 16, 2018
On what was an extremely quiet day for the eurozone and economic data, the President of the European Council, Donald Tusk, wrote a letter to EU governments in which he said that Brexit is more complicated than expected. Tusk also said that the EU must begin preparing...
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