by Jonathan Cook | Apr 17, 2024
US building permits and housing starts both fell in March. The number of new permits fell by 4.3% to a seasonally adjusted annual rate of 1.5mn last month, the lowest level since last July. There’s a seasonality to homebuilding, of course, but it was still a notable...
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by Jonathan Cook | Apr 17, 2024
In a speech yesterday, ECB President Christine Lagarde said the central bank was on track to cut interest rates “in reasonably short order”. Without any major shocks, the ECB should be able to move soon, Lagarde predicted. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day...
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by Jonathan Cook | Apr 17, 2024
Unemployment rose in February, although the stubborn growth in average earnings almost stole the headlines. In the three months to February, average earnings including bonuses fell slightly from 6.1% to 6%, while average earnings excluding bonuses were unchanged at...
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by Jonathan Cook | Apr 17, 2024
UK inflation slowed to 3.2% in March, below February’s 3.4% but slightly higher than forecasts of 3.1%. That’s still the lowest headline rate since September 2021. Core inflation meanwhile also fell back to 4.1%. The pound and the euro continued to cede ground to the...
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by Julian Benson | Apr 16, 2024
The US dollar regained its strength yesterday as better-than-expected retail sales data boosted the currency. The US dollar ended Monday’s European session 0.15% higher against the euro but remains largely unchanged against the pound. Retail sales in the US...
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