On Friday, Eurostat will reveal the preliminary euro area inflation for the month of May which has remained at 2.4% since March. Markets forecast the rate to increase ever-so-slightly to 2.5%. Investors will keep their eyes peeled as…
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With a light calendar this week on the economic data front, the pound remains at the mercy of the volatile markets and foreign data releases. A key release this week is US PCE inflation on Friday.
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Following yesterday's UK market closure, the pound soared to a two-month high against the euro in the early hours of this morning as traders continued to digest Friday’s retail sales data.
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The dials were all green for the US dollar yesterday, with growth of 0.25% to 0.50% against major rivals following excellent PMI readings that showed the US service economy in its rudest health since for at least a…
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A mixed week for the euro, which strengthened by 0.5% against the US dollar and more than 1% against the yen. The single currency was supported by generally upbeat reports on eurozone economy, but high German wage rises…
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Sterling saw some of the previous day’s gains pegged back yesterday, but it nevertheless reaches the last day of the week around three-quarters of a percent up on the euro and fractionally up on the US dollar.
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The day after the big announcement of the General Election (and inflation falling to manageable levels), the pound held onto most the gains it made on Wednesday. GBP/EUR is close to 2% stronger than this time last year,…
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The Office for National Statistics revealed that UK inflation fell to 2.3% in April 2024, from 3.2% in March. Edging closer to the Bank of England’s 2.0% target, inflation seems to be under control. Addressing the public yesterday…
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