USD: Inflation data hits dollar

The dollar continues to suffer from fears about stagflation (a stagnant economy + inflation), with the PCE Price Index rising 0.3% last month. We’ve got jobs data this week, with JOLTS Job Openings tomorrow and Non-Farm Payrolls on...


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EUR: Euro falls across the board

The single currency had a choppy sort of week, climbing overall against the US dollar after a week start. We have a mass of German industrial data coming out this morning, but today’s main event will be German inflation at midday, followed by the eurozone’s tomorrow....


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Sterling’s fightback continues

The pound reaches the end of the month around 1.25% down on the euro. The damage was done at the start of the month with a 3% drop, since when it’s been a slow and unsteady climb upwards. Things are looking much healthier against the US dollar, however, with sterling...


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Busy shops cap off strong week for sterling

British shops were bustling again in February, with monthly sales increasing by an unexpectedly strong 1% (after their previous blistering growth of 1.7% in January). Shoppers seemed intent on organising a bit of spring DIY, with hardware and household goods recording...


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