by Charles Purdy | Mar 27, 2024
The pound to euro rate has settled down into a level around 0.5% lower than in the middle of this month and a fraction down on the start of the month. However, it remains close to 3% up on last year against the euro and US dollar. To lock that rate in for a period of...
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by Jonathan Cook | Mar 27, 2024
Consumers continue to be the glass half-empty voice over in the US. The Conference Board’s monthly survey found consumer confidence fell to its weakest level since November in March as expectations of the future outlook deteriorated. EUR/USD: the past year 1 Min 5 Min...
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by Jonathan Cook | Mar 27, 2024
Eurozone growth stagnated in Q4 of 2023, but one of the only reasons it even reached zero was the strong performance of Southern European economies. Spain yesterday confirmed its economy had grown by 2% across 2023 and by 0.6% in Q4, numbers that helped mask Germany’s...
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by Jonathan Cook | Mar 27, 2024
News that food inflation had eased to 4.5% will be music to the ears of anyone who has examined their grocery receipts in disbelief over the past couple of years. 4.5% is still a very high pace of growth, but shoppers will be glad that the worst of it seems to be...
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by Jonathan Cook | Mar 27, 2024
The Bank of England’s Catherine Mann yesterday cautioned that markets were becoming “too complacent” about the outlook for interest rate cuts this year. Mann, who recently voted to hold rates at 5.25%, said that too many cuts had been priced in, an apparent split from...
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