Italian and German inflation figures will only turn up the volume for the ECB at its next meeting. Italian data in particular looks concerning, as do persistently poor manufacturing reads from over the summer.
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If Keir Starmer and the Labour party needed a pick me up, news that quarterly growth came in at its highest since 2022 would have done nicely. Due to the importance Labour is placing on growth, the news…
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Another batch of inflation figures from the eurozone increased expectations that the European Central Bank (ECB) would cut interest rates by 0.25% at its October meeting.
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Sterling has reached the end of the month 1% up on where it started September against the euro and 2% up on the US dollar. Against a basket of currencies the pound is at its strongest since the…
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For those who may have questioned the Fed’s tactics, the recent 0.5% cut to interest rates was vindicated (at least in part) by rapidly falling inflation data. Given the study’s ensuring popularity with policymakers, the US dollar fell…
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The ECB faces a tricky October interest rate meeting. Recent inflation data will be used as evidence of the need for a cut but the hawks are arguing for a pause. Christine Lagarde faces a tough balancing act,…
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When will sterling’s successes run out of steam? Not soon according to some major banks (look out for more on this in our upcoming forecast) who have raised their pound projections for the rest of 2024. Downside risks…
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Sterling’s streak of strong performances continued last time around as data highlighted slowing inflation in France and the US.
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