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...
read more
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...
read more
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%,...
read more
by Christopher Nye | Aug 13, 2024
Following the employment and income news today, tomorrow there will be the all-important inflation data, with a slight rise expected, to 2.3%. Having just seen a surprise for employment, however, don’t take the prediction for granted. GBP/EUR past year 1 Min 5...
read more
by Christopher Nye | Aug 13, 2024
It was a strong day for the single currency, with small gains almost across the board. While there was little to ruffle the markets yesterday, shortly we will be hearing the ZEW Economic Sentiment Index for Germany, and tomorrow is a hectic day with employment,...
read more
