by Julian Benson | Apr 25, 2024
UK car production declined 27.1% in March, breaking the six-month consecutive monthly growth streak. This comes as manufacturers adjust for the next generation of cars, which are mainly electric. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Charles Purdy | Apr 24, 2024
Sterling swept upwards yesterday after crashing to its lowest level against the euro since the start of 2024 and against the US dollar since even further back. The reason for the movement is senior Bank of England interest rate setters talking in public. Their...
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by Jonathan Cook | Apr 24, 2024
Preliminary (or flash, to use economic parlance) composite PMI data for the US came in below expectations at 50.9 in April, well below March’s 52.1. The US dollar tumbled in the aftermath, but it may take some time to gauge if the shift to weaker growth is transitory...
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by Jonathan Cook | Apr 24, 2024
An increase to German PMI would usually be greeted warmly. However, having dug deeper into the data, there was a sense that economic conditions in Europe’s economy were getting worse, not better. 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 | Apr 24, 2024
The UK government borrowed more last month and over the course of the last year than had been expected. UK borrowing over 2023/24 was £6.6bn more than the Office for Budegtary Responsibility (OBR) forecast, a bad sign for the nation’s finances and an even worse one...
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