The single currency made gains against most major rivals – of more than 0.5% against the yen and US dollar. Coming up today are PMI readings across the bloc. Will German manufacturing make any progress?
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The big event of the day is of course the interest rate decision at midday today. Before that, however, there will be a ‘flash’ reading for PMI. Then tomorrow we have GfK Consumer Confidence to wake up to…
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Sterling gained against the US dollar but remained unmoved against the euro yesterday as a hectic week for potentially market-moving data and decisions continued. Yesterday the inflation figures for the UK showed a significant drop from 4% to…
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The new inflation figures for the UK were released this morning. They were a little lower than expected but this has, surprisingly, had only a negligible effect on sterling. So far, at least. The actual drop in inflation…
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As tends to be the case with an FOMC meeting on the horizon, US dollar markets seem to be in limbo as they await both the interest rate decision and more importantly Jerome Powell’s comments. Few are predicting…
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You’d have to go back to before the outbreak of war in Ukraine to find a result as positive as this month’s in Germany’s ZEW Economic Indicator Index. March’s reading was 31.7 (with zero being neutral sentiment) versus…
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The Bank of England will be watching all of the UK economic data like hawks, but the one that cuts through most to the public is generally inflation. Policymakers have held on against pressure to loosen interest rates…
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UK inflation fell to an annualised 3.4% in February, below market expectations of 3.5% and well under last month’s 4%.
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