by Jonathan Cook | Apr 18, 2024
The euro has been left in the dust for the most part this year. News that it picked up slightly against the US dollar was positive, but it has a long way to go to claw back gains it ceded to the pound as well as the dollar. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1...
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by Jonathan Cook | Apr 18, 2024
The fall in UK inflation was driven primarily by food costs, which decreased to 4% in March from 5%. Also helping to slow momentum were restaurants and hotels (5.8% vs 6.0%), recreation and culture (5.3% vs 5.4%), while the cost of housing continued to decline (-1.6%...
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by Jonathan Cook | Apr 18, 2024
News that UK inflation had fallen by less than expected in March helped boost the pound on Wednesday. The pound rose by about half a cent against the US dollar while trading in a tight range against the euro. EUR/USD had a slightly improved day but remains around its...
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by Charles Purdy | Apr 17, 2024
Sterling has been boosted by this morning’s news that inflation has fallen again, to 3.2%, but not the 3.1% that the markets had expected. As we highlight in the brand-new Quarterly Forecast, out today, while this is positive for sterling in the short term as it means...
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by Jonathan Cook | Apr 17, 2024
US building permits and housing starts both fell in March. The number of new permits fell by 4.3% to a seasonally adjusted annual rate of 1.5mn last month, the lowest level since last July. There’s a seasonality to homebuilding, of course, but it was still a notable...
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