An increase to German PMI would usually be greeted warmly. However, having dug deeper into the data, there was a sense that economic conditions in Europe’s economy were getting worse, not better.
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The UK government borrowed more last month and over the course of the last year than had been expected. UK borrowing over 2023/24 was £6.6bn more than the Office for Budegtary Responsibility (OBR) forecast, a bad sign for…
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Sterling ended a losing streak to climb by half a cent against the euro and almost a cent against the US dollar.
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After months of tussle on Capitol Hill, the US Congress finally passed a bill that will grant more than $60bn in aid to Ukraine. The long-awaited funding is not expected to turn the tide of the war, but…
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Debt in the euro area decreased to 88.6% of GDP in 2023, the lowest ratio in four years. Analysts had been expecting a greater fall to 88%, but the region remains saddled with several highly leveraged economies, including…
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Sterling has been tumbling, but the outlook for the UK economy seems to be headed in the right direction. Next month’s GDP figures will confirm if the UK has exited its recession, while markets are now increasingly sure…
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The pound continued its recent nosedive against the US dollar and the euro yesterday. GBP/USD sank by almost a cent to begin the week, while GBP/EUR lost around 0.5%.
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The long period of stability for sterling could be coming to an end. Between Wednesday and Friday last week the pound lost more than 1% against the euro, and this echoed another sharp loss of 1.5% in mid-March.…
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