Sterling launched itself into October with enthusiasm, bouncing up by close to a quarter of the percent this morning against the euro and most other currencies. However, it didn’t last long. That may be the pattern in the…
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This morning European equity markets traded slightly higher in the first trading session of October. Frankfurt’s DAX 40 gained 0.3% and the German SAP gained close to 1% as investors eye manufacturing PMI data.
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The Nationwide house price index in the UK dropped by 5.3% in September, keeping pace with August’s decline and compared with forecasts of a 5.7% decrease. Home prices continue to plummet at the fastest pace since 2009.
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Tomorrow, US economists will receive the latest JOLTs data, which remains resilient despite signs of slowing in recent months. August’s readings revealed the US labour markets were becoming tighter but concerns remain surrounding the number of job vacancies,…
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Despite climbing towards the end of last week, the pound ended September roughly 4.0% down on the month against the US dollar and over 1.0% down on the euro.
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Falls across the board for the US dollar, as slightly disappointing GDP data put the mockers on hopes for an interest rate rise at the Fed’s next meeting.
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Yesterday was a good day for the single currency, with gains of as much as 0.75% against the yuan and a bit less against the US and Canadian dollars.
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For once, we’re not reporting a new low for the pound against the dollar, as it staged a small come-back yesterday, taking weekly losses to just 0.75%.
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