by Christopher Nye | Sep 21, 2018
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 figures were largely brought about by a...
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by Christopher Nye | Sep 20, 2018
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 the Irish border problem. The pound...
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by Christopher Nye | Sep 20, 2018
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 in the previous month was upwardly revised to 3%. On...
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by Christopher Nye | Sep 20, 2018
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 the months ahead. However, some analysts believe that is exactly...
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by Christopher Nye | Sep 20, 2018
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, attention turned to the inflation rate in August, to see...
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