by Jonathan Cook | Oct 8, 2024
Bank of England chief economist Huw Pill’s efforts to balance Andrew Bailey’s comments last week went largely unheard by markets. Sterling began the week by ceding more ground to the euro and the US dollar as some are now predicting the Bank could announce rate cuts...
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by Jonathan Cook | Oct 8, 2024
Sterling continued a wretched streak of performances to start the week, falling again against the US dollar and the euro. Currency markets remain locked in a risk management exercise, with conflict in the Middle East and the possibility of Bank of England rate cuts...
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by Charles Purdy | Oct 7, 2024
After a sharp fall midweek, the pound has staged a slow recovery against the euro since then that has taken it close to the 30-month highs of late September. There’s no sign of recovery against the US dollar, but that’s hardly surprising given the Non-Farms Payroll...
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by Julian Benson | Oct 7, 2024
The Halifax House Price Index in the UK increased 4.7% in September, the most since November 2022, following a 4.3% rise in August. Compared to last month, house prices increased by 0.3%, above forecasts of 0.2%, bringing the average property price up to £293,399....
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by Julian Benson | Oct 7, 2024
Factory orders in Germany shrank 5.8% month-on-month in August, compared with market forecasts of a 2% fall and after 3.9% growth a month prior. This is the steepest decline since January and is largely due to big-scale orders for aircraft, ships and trains. EUR/USD...
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