May figures for US-manufactured durable goods are due to be released later today and markets expect a decline to -0.9%. This comes after a rise of 1.1% rise in April and an upwardly revised growth of 3.3% in…
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Yesterday, European Central Bank president, Christine Lagarde and other policymakers came together in Sintra, Portugal for the bank’s annual forum to discuss a plan of action as interest rates have risen by 400 basis points since its last…
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The Confederation of British Industry’s (CBI’s)monthly distributive trades rose to -9 in June from -10 in May. Sadly, this still pointed to a decline in retail trade as inflation remains at a historical high.
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Despite little movement yesterday, the pound appears to have made significant gains against the euro and US dollar this month, strengthening by around 1.20% and 3% respectively.
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US stock futures edged higher this morning as we begin the final week in June. Future contracts tied to the three major indexes were all up by at least 0.2%.
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On Friday last week, economists digested figures from the HCBO France Composite PMI which dropped to 47.3 in June, from 51.2 in May.
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It’s a quiet week for UK data, but investors are still digesting last week’s 50 basis point rate hike from the Bank of England.
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It’s been a rocky time for the pound since last Thursday’s surprise interest rate decision from the Bank of England, which was a larger hike than expected.
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