by Christopher Nye | Sep 17, 2018
The euro lost some ground against sterling and the dollar on Friday, but the moves weren’t all that significant. The eurozone’s balance of trade figures were released and showed that the surplus declined to €17.6 billion in July from €21.6 billion a year earlier. This...
read more
by Christopher Nye | Sep 17, 2018
The US retail sales figures for August were released on Friday and came in below expectations. New data showed they rose by just 0.1% last month when analysts had forecast a 0.4% increase. It is the smallest gain for six months. However, it wasn’t all bad, as July’s...
read more
by Christopher Nye | Sep 14, 2018
The main release from the US yesterday was the inflation data for August. It had been expected to fall from 2.9% in July to 2.8%, but it actually came in at 2.7%. As the lowest reading in four months, inflationary pressures are clearly easing and the dollar duly...
read more
by Christopher Nye | Sep 14, 2018
ECB president Mario Draghi is famed for his dovish approach to economic policy; it is entirely possible that by the time he steps down as president, the eurozone won’t have increased interest rates a single time during his tenure. Yesterday, rates were kept on hold as...
read more
by Christopher Nye | Sep 14, 2018
The Monetary Policy Committee voted 9-0 in favour of keeping interest rates on hold at 0.75% yesterday. It also left its quantitative easing programme unchanged at £435 billion. This was as expected and so any major sterling movements were always going to be unlikely....
read more
