Sterling moved higher against the euro and US dollar yesterday, reaching a 10-day or so high against the euro and month-long high against the dollar. To fix this rate, call your account manager on 020 7898 0541. It…
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Tomorrow is one of those manic days that sometimes roll in like sea storms. Federal Reserve chair Jerome Powell is due to speak soon after the UK budget, while JOLTs job openings conclude proceedings.
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Let’s have a look at Europe while we’re discussing PMI indexes. In the slightly different Hamburg Commercial Bank (HCOB) studies, German services and composite PMI are still languishing in negative territory, while the combined eurozone PMI read creeped…
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As a services-heavy economy, it was a blow to the UK to have its final read for the S&P Global PMI survey revised down. Looking at the bigger picture though, sentiment has improved to its highest level in…
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Budget Day Eve saw gains of around half a cent for the pound against the euro and the US dollar. EUR/USD picked up by around 0.25% but it was a largely sleepy day for that currency pairing.
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Bright and early tomorrow morning, investors will receive the latest figures for Germany’s trade surplus in January 2024. Markets forecast a reading of €23.6bn from €22.4bn in December 2023.
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On Friday this week, Federal Reserve chairman Jerome Powell is expected to remain hawkish. In his testimony, Powell may provide fresh insights on the timing of rate cuts.
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Record UK house prices and higher mortgage rates have driven first-time buyers into taking out loans over a longer period. Trading body UK Finance reported one in five first-time buyers in 2023 took out a mortgage of at…
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