It was a hectic day in the world of economic data yesterday, with inflation and Gross Domestic Product (GDP) for European countries. We can compliment our continental cousins on not just beating inflation (with core inflation falling again,…
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It’s not hard to see why American consumers are feeling uneasy. Every week, employment and wage data remains strong while the possibility of rate cuts recedes. They might find comfort in their economy’s remarkable resilience, but that will…
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Europe’s four biggest economies helped drag GDP growth firmly above expectations in the first quarter of the year. That’s a huge boost for policymakers and politicians alike, who will now hope inflation shows its lack of buoyancy.
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The pound has been largely a spectator this week, as it looks to build on its comeback against the euro while clawing back some value against the US dollar.
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Tuesday’s logjam of European data brought an impressive set of results, as multiple countries reported higher than expected GDP.
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The US dollar must navigate a busy week, but perhaps it’s the dollar’s peers that should be worried. Jerome Powell may well give the US dollar a boost by adopting a more aggressive posture on rates than in…
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The eurozone’s manufacturing sector was particularly glum in April. In fact, confidence among the group fell to its lowest level since July 2020, when the threat of the pandemic hung over factories.
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The pound made a welcome return to its range against the euro and the US dollar from before the recent selloff. Whether that level stays for the longer term is anyone’s guess.
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