by Jonathan Cook | May 22, 2024
The euro beat back a sterling advance yesterday while continuing to trade in a tight range against the US dollar. For the moment, the euro is waiting for impetus, be that positive or negative. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | May 22, 2024
UK food inflation has now fallen to its lowest since 2021. That’s good news for shoppers, who have been forced to adopt cost-saving measures since then, such as subscribing to supermarket club schemes and purchasing more own-brand products. According to experts, it...
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by Jonathan Cook | May 22, 2024
UK headline inflation fell to 2.3% in April, a steep drop from last month’s 3.2% but on the higher end of the predicted range. The fall was driven by a significant reduction in the energy regulator Ofgem’s price cap, which led markets and economists to predict...
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by Jonathan Cook | May 21, 2024
The schedule of Federal Reserve speeches today and yesterday more closely resembles a talk show than an economic calendar. However, interest is significant given FOMC minutes arrive on Wednesday and market expectations of rate cuts have recently shifted. EUR/USD: the...
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by Jonathan Cook | May 21, 2024
The euro continues to nestle in a similar range against the US dollar while losing only small amounts to the pound each day. Public holidays across Europe and a light schedule help make this a relatively quiet week, with only Thursday’s PMI figures provoking serious...
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