With just over seven months to go until the election, Joe Biden is facing up to a mountain of problems on the global stage. Not only is Israel proving a problem, but China yesterday shadowed a US aircraft…
Read more
›
The euro has been left in the dust for the most part this year. News that it picked up slightly against the US dollar was positive, but it has a long way to go to claw back gains…
Read more
›
The fall in UK inflation was driven primarily by food costs, which decreased to 4% in March from 5%. Also helping to slow momentum were restaurants and hotels (5.8% vs 6.0%), recreation and culture (5.3% vs 5.4%), while…
Read more
›
News that UK inflation had fallen by less than expected in March helped boost the pound on Wednesday.
Read more
›
Sterling has been boosted by this morning’s news that inflation has fallen again, to 3.2%, but not the 3.1% that the markets had expected. As we highlight in the brand-new Quarterly Forecast, out today, while this is positive…
Read more
›
US building permits and housing starts both fell in March. The number of new permits fell by 4.3% to a seasonally adjusted annual rate of 1.5mn last month, the lowest level since last July. There’s a seasonality to…
Read more
›
In a speech yesterday, ECB President Christine Lagarde said the central bank was on track to cut interest rates “in reasonably short order”. Without any major shocks, the ECB should be able to move soon, Lagarde predicted.
Read more
›
Unemployment rose in February, although the stubborn growth in average earnings almost stole the headlines. In the three months to February, average earnings including bonuses fell slightly from 6.1% to 6%, while average earnings excluding bonuses were unchanged…
Read more
›
