The NFIB small business optimism index rose to 93.7 in July from 91.5 in June. This is the most optimistic businesses surveyed have been since February of 2022. Still, this reading marked the 31st consecutive result below the 50-year…
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Yesterday, the euro approached January’s highs against the US dollar following lower-than-expected US wholesale inflation data. However, the US core inflation rate is expected this afternoon, which could support the greenback should the Bureau of Labor Statistics further…
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Following yesterday’s unemployment data, which dropped unexpectedly to 4.2% in the three months to June, chancellor, Rachel Reeves said, “There is more to do in supporting people into employment because if you can work, you should work.” She…
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The pound found support against the US dollar yesterday following a better-than-expected UK unemployment rate, which fell unexpectedly to 4.2%, while average earnings grew more than expected.
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Following the employment and income news today, tomorrow there will be the all-important inflation data, with a slight rise expected, to 2.3%. Having just seen a surprise for employment, however, don't take the prediction for granted.
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It was a strong day for the single currency, with small gains almost across the board. While there was little to ruffle the markets yesterday, shortly we will be hearing the ZEW Economic Sentiment Index for Germany, and…
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A mixed day for the dollar saw gains against those ‘safer’ currencies such as the Swiss franc and yen, and little movement elsewhere. This afternoon we’ll hear producer price inflation (PPI), ahead of tomorrow’s inflation data.
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It was a quiet start to the week for sterling, with little movement ahead of the first of the big data releases this morning. However, a surprising result for employment and earnings just released by the Office for…
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