GBP: Gfk consumer confidence beats expectations

On Friday, the Gfk consumer confidence index in the UK climbed 3 points to -7 in August. This was better than the -10 the markets had been expecting, which is some welcome positive news. It was a fairly quiet day for sterling, as it continued to hover around the $1.30...


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EUR: eurozone inflation expected to ease to 2%

The headline release from the eurozone in Friday was the flash inflation rate for August. It is expected that it will ease to 2% in August, lower than the 2.1% that the markets had expected. We also saw the unemployment rate come in at 8.2% in July, which was the same...


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USD: April’s balance of trade report beats forecast

On a day where footage emerged showing that Trump was unable to remember the words to ‘God Bless America’ at a patriotic event he had commissioned, the US’s trade balance for April beat forecast. It had been expected to show a $49 billion deficit, but it actually...


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EUR: third estimate of GDP growth rate released today

What a difference a few days can make to the economic climate of an area! Since the turn of the year, the eurozone’s economic data releases have been faintly underwhelming and built a picture that appeared at odds with the European Central Bank’s economic projections....


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