by Christopher Nye | Mar 21, 2024
The big event of the day is of course the interest rate decision at midday today. Before that, however, there will be a ‘flash’ reading for PMI. Then tomorrow we have GfK Consumer Confidence to wake up to and Retail Sales at 7am. GBP/USD past year 1 Min 5 Min 1 Hr 1...
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by Charles Purdy | Mar 21, 2024
Sterling gained against the US dollar but remained unmoved against the euro yesterday as a hectic week for potentially market-moving data and decisions continued. Yesterday the inflation figures for the UK showed a significant drop from 4% to 3.4% – the lowest since...
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by Charles Purdy | Mar 20, 2024
The new inflation figures for the UK were released this morning. They were a little lower than expected but this has, surprisingly, had only a negligible effect on sterling. So far, at least. The actual drop in inflation was large: down from 4% in the year to January...
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by Jonathan Cook | Mar 20, 2024
As tends to be the case with an FOMC meeting on the horizon, US dollar markets seem to be in limbo as they await both the interest rate decision and more importantly Jerome Powell’s comments. Few are predicting rates to be cut soon, but there will be many looking for...
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by Jonathan Cook | Mar 20, 2024
You’d have to go back to before the outbreak of war in Ukraine to find a result as positive as this month’s in Germany’s ZEW Economic Indicator Index. March’s reading was 31.7 (with zero being neutral sentiment) versus expectations of around 21. It’s been a long road,...
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