by Christopher Nye | Sep 6, 2018
There was a raft of economic data from the eurozone yesterday, but the majority of it came in more or less as expected. Retail sales for July were slightly disappointing, as year-on-year, they grew by 1.1% against an expectation of 1.3%. Month-over-month they fell by...
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by Christopher Nye | Sep 6, 2018
The main release from America yesterday was the balance of trade figures. The deficit had been expected to widen from a downwardly revised $45.7 billion in June to $50.3 billion, but the figure actually came in at $50.1 billion. It was the highest trade gap for five...
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by Christopher Nye | Sep 5, 2018
The dollar strengthened against a basket of currencies throughout yesterday, as trade tensions continue to rock the markets. The dollar is seen as a safe haven by investors – so they piled into it and sold emerging market currencies. However, the greenback’s moves...
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by Christopher Nye | Sep 5, 2018
There were no major economic data releases from the eurozone yesterday, which is perhaps why the euro lost some ground against both sterling and the dollar. Having said that, the dollar was always going to benefit from ongoing trade tensions, safe haven that it is....
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by Christopher Nye | Sep 5, 2018
Following disappointing manufacturing figures released on Monday, yesterday we saw the construction sector follow suit. In August, UK construction PMI fell to 52.9 from the previous month’s 14-month high. This was some way below the 55.0 the markets had been expecting...
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