by Charles Purdy | Jun 19, 2024
Inflation fell back to its target rate of 2% in May 2024, the first time it has been there since July 2021. The pound has strengthened, back up by 0.25% this morning against the euro and close, once again, to its highest point for two years. Normally a victory against...
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by Jonathan Cook | Jun 19, 2024
Dwindling retail sales were taken as a sign of some softness within US consumer markets. Perhaps markets read too much into this with regard to interest rates, but spending levels do at least seem to be trending in the right direction. EUR/USD: the past year 1 Min 5...
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by Jonathan Cook | Jun 19, 2024
The ZEW Economic sentiment index had a mixed message for the German economy. On the one hand, the survey score increased to 47.5, the highest level since February 2022. On the other hand, that was actually under forecasts of 50, which would represent a neutral score....
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by Jonathan Cook | Jun 19, 2024
Sterling has struggled to build on last week’s rapid rises this time around. In fact, the pound could soon come under further pressure, with the Bank of England’s interest rate decision due tomorrow lunchtime. GBP/USD: the past year 1 Min 5 Min 1 Hr...
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by Jonathan Cook | Jun 19, 2024
After several years of rocketing costs, UK inflation finally fell back down to 2% in May, its lowest level since July 2021. The pound rose this morning on the news, as although May’s figure was well below last month’s 2.3%, it did not dip down below the key 2%...
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