European stocks remained mixed on Thursday as investors stopped to consider the effects of easing inflation on major eurozone economies. Frankfurt’s DAX 40 extended its gains for a fourth consecutive session yesterday, surging 0.4%, marking its highest levels…
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As UK inflation fell to 4.6% in October, the Office for National Statistics revealed that food and non-alcoholic drinks dropped 10.1% in October, down from 12.2% in September. Milk prices dropped 1.8% and butter prices dropped 6.1%, while…
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The pound lost a third of a per cent against the US dollar and euro following softer-than-expected UK inflation figures and a mixed bag of US data.
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The pound climbed sharply upwards yesterday, gaining close to 2% on the US dollar and more than 1% on the yen and Canadian dollar. The rise against the euro was more modest, at a quarter of a percent,…
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News that all major categories of US CPI decreased in October was greeted warmly by markets, as expectations grew that the Federal Reserve would not have to raise interest rates again.
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The euro mirrored sterling's strong performance against the greenback yesterday.
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The pound responded positively to cooling inflation data on both sides of the Atlantic and is now up by almost 2 cents against the US dollar.
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The pound gained more than two cents against the US dollar yesterday and is now up 1.5% from where it began the week. This morning’s figures showed that UK inflation fell to 4.6% in October from 6.7% last…
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