Yesterday morning, UK prime minister, Sir Keir Starmer warned that Labour’s first autumn budget will be “painful” as he addressed the nation from 10 Downing Street in his first keynote speech.
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The composite manufacturing index in the US Fifth District fell to -19 in August from -17 in July. This decline represents the sharpest in factory activity since the pandemic-influenced crash in May 2020. This marks the tenth consecutive…
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This morning, we heard that the French consumer confidence indicator increased to 92 points in August from 91 in July. This reading outperformed market forecasts of 91.
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The Confederation of British Industry (CBI) revealed that the monthly retail sales balance increased to -27 in August from -43 in July but missed market expectations of -11. This reflects the second-weakest monthly performance since April and the…
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The pound remained strong against major rivals yesterday, adding around a third of a per cent against the US dollar and euro, taking the GBP/USD rate to fresh two-year highs.
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Amid a weaker US dollar, investors will be eyeing top-tier US economic data due to come about this week in the hope that it will give the dollar the boost it needs. The focus this week will be…
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Sterling isn’t the only currency to benefit from the weaker US dollar, as the euro is currently trading just under 3% higher than this time last month. The pairing looks to Germany’s key data this week which will…
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Despite recent gains, there are few high-level economic releases from Great Britain this week, therefore sterling remains at the mercy of political news and foreign economic data, which comes in hot and heavy this week. To lock in…
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