The Michigan consumer sentiment for the US was revised higher on Friday, coming in at 63.8 in October. Although up from the preliminary reading of 63, the result marked a sharp retreat from September’s reading of 68.1 to…
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After the European Central Bank chose to keep interest rate unchanged, the euro approached November 0.45% lower against the US dollar and remains largely unchanged against the pound (compared to this time last week).
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On Thursday, Bank of England policymakers are due to announce their latest interest rate decision. The Bank is expected to leave its base rate at 5.25%, matching the ECB’s sentiment. Ahead of this decision, investors remain cautious as…
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Following the European Central Bank’s decision to keep its Bank rate unchanged last week, the euro heads into November close to 0.5% up against the pound compared to late September.
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The pound has remained becalmed – “range-bound” to use the economic jargon – for the past two weeks, at a point around 1.5% weaker than in the summer. On the other hand, it is still close to 1.5%…
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As geopolitical tensions continue to rise in the Middle East, the Israeli shekel, lost 0.25% against the dollar yesterday, falling to a 10-year low.
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At yesterday’s ECB press conference, president, Christine Lagarde, said the euro area economy “remains weak”. She touched on tighter financing conditions and the weakening services sector which are weighing on investment and spending.
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New distributive trade figures from the CBI reveal that UK retail sales fell in the year to October and at a faster pace than in September. This marks the sixth consecutive month of decline, and the CBI expects…
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