On Friday, economists heard that the US unemployment rate rose to 3.8% in August from 3.5% in July. This is the highest rate seen since February 2022. This lowered the odds of further Fed hikes.
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The German trade surplus decreased to €15.9 billion in July from €18.7 bn in June. The latest result was less than market forecasts of €18 bn as exports fell and imports grew.
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New data from the Office for National Statistics on Friday revealed Britain’s economy surpassed its pre-COVID-19 size by 0.6% in the final quarter of 2021, compared with estimates that it was 1.2% smaller.
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The pound starts the first week of September 0.5% up against the euro and 0.3% against the US dollar since this time last Monday.
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Sterling starts the week having been climbing steadily since last Tuesday, and is well over 1% stronger than it was at the beginning of August against the euro. To lock that in with a forward contract, call your…
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Personal spending in the US jumped 0.8% in July – the most since January 2023 and ahead of market expectations of a 0.7% increase. This increase reflects the US consumer’s resilience to inflation.
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Euro Area inflation remained unchanged from July’s 5.3% rate this month, higher than expectations of 5.0%. While the avoidance of rising inflation is good news for the Euro Area, the rate remains two and a half times higher…
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Speaking in Cape Town yesterday, Huw Pill presented two options to control UK inflation, recommending the Table Mountain model which would have interest rates rise sharply and come down at a faster rate.
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