by Jonathan Cook | Aug 15, 2024
The euro is having a fantastic August holiday. EUR/USD reached its highest in 2024 yesterday and the euro isn’t far off matching that against the pound, as its main rivals continue to kick lumps out of each other. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Aug 15, 2024
Whatever optimism the pound drew from the inflation numbers was bittersweet. Despite coming in cooler than expected, price rises still ticked up from June’s 2% to 2.2%. GBP/USD is going strong, yet GBP/EUR has fallen by 2% since last month. More Bank of England rate...
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by Jonathan Cook | Aug 15, 2024
The UK economy grew by 0.6% in the second quarter of 2024. Although economic growth was flat in June, a strong performance from the services sector (particularly scientific research) helped the UK post its second consecutive quarter of growth over 0.5%. The euro and...
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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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