by Julian Benson | Mar 14, 2024
The euro made marginal gains against the US dollar and pound yesterday following reports of softer labour conditions in the UK compared to market expectations. Yesterday’s UK GDP announcement of 0.2% growth in January improved market sentiment as figures raised...
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by Julian Benson | Mar 14, 2024
The US dollar struggled to make any traction yesterday against the pound and euro, but bullish potential remains. Investors will be listening out for retail sales data, which might influence the Federal Reserve’s next...
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by Julian Benson | Mar 14, 2024
Due to a lack of market-moving economic data, the euro is at the mercy of US data today, which is due to come in from midday. Compared to this time last month, EUR/USD is over 2% higher.
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by Julian Benson | Mar 14, 2024
Following yesterday’s GDP figures which showed 0.2% expansion in January, analysts report beliefs the UK is on the road to recovery. The figures were driven by a 3.4% rise in retail sales and a 1.1% rebound in construction output. Economists predict the UK will exit...
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by Charles Purdy | Mar 13, 2024
Sterling has hit midweek generally unmoved, even after potentially market-moving data on jobs and GDP (Gross Domestic Product) this week. The news on the UK economy was good this morning, with GDP growing in January in a way that suggests that the recession has been...
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