It could be a case of the calm before the storm today, with no economic news to move the markets until tomorrow. The pound weakened against the euro during the latter half of last week, following three weeks…
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The dollar resumed its three-month long upward trajectory yesterday, powered by persistent inflation.
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It was a decidedly mixed day for the single currency, with close to a 1% drop against the US dollar but a 0.3% rise against sterling.
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The US inflation news didn’t just affect GBP/USD. The pound dropped by around a third of a cent against the euro too.
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The US dollar strengthened sharply yesterday, by as much as 1% against the pound, 1.4% against the Australian dollar and 0.75% against the euro. The cause was America’s inflation report. It showed no change in September, staying at…
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US stocks extended gains on Wednesday for the fourth day in a row as Treasury yields receded following dovish comments from the Fed. The S&P 500 added close to 0.5%, the Dow Jones added almost 130 points and…
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Portugal’s trade deficit narrowed to €2.4 billion in August 2023 from €3.24 bn the same time last year as imports fell faster than exports. Figures show imports decreased by 16% and exports contracted by 7.7% in August.
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Manufacturing output in the UK shrank 0.8% month-on-month in August, more than expectations of a 0.4% fall but slowing from an upwardly revised 1.2% drop in July. This marked the second consecutive month of decline as nine of…
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