by Charles Purdy | Aug 14, 2024
It’s a game of snakes and ladders for sterling this week as high-level economic data arrives at 7am each day from the UK’s Office for National Statistics. Yesterday it was unemployment and earnings, which indicated that the economy is still running hot – so far as...
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by Julian Benson | Aug 14, 2024
The NFIB small business optimism index rose to 93.7 in July from 91.5 in June. This is the most optimistic businesses surveyed have been since February of 2022. Still, this reading marked the 31st consecutive result below the 50-year average of 98. USD/EUR: the past...
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by Julian Benson | Aug 14, 2024
Yesterday, the euro approached January’s highs against the US dollar following lower-than-expected US wholesale inflation data. However, the US core inflation rate is expected this afternoon, which could support the greenback should the Bureau of Labor Statistics...
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by Julian Benson | Aug 14, 2024
Following yesterday’s unemployment data, which dropped unexpectedly to 4.2% in the three months to June, chancellor, Rachel Reeves said, “There is more to do in supporting people into employment because if you can work, you should work.” She is to incorporate this...
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by Julian Benson | Aug 14, 2024
The pound found support against the US dollar yesterday following a better-than-expected UK unemployment rate, which fell unexpectedly to 4.2%, while average earnings grew more than expected. Adding to the US dollar’s weakness, the producer price index rose by 2.2%,...
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