The European Central Bank's president, Christine Lagarde, is scheduled to deliver a speech this morning. Lagarde's speech will follow the eurozone's latest inflation rate.
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Despite a lack of economic data from the UK this week, sterling is still strong against a handful of its rivals — including the euro, US dollar and Japanese yen.
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The pound hit a fresh 2023 high against the euro yesterday and maintains those gains this morning. The GBP/EUR boost comes as economists digest the latest economic data surrounding fixed interest rates plus Germany’s consumer price inflation.
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Sterling has climbed again, to a fresh 2023 high against the euro. Against the US dollar it rose sharply yesterday but has drifted since. There are so many different forces working on sterling right now that it can…
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The average price of a single-family house with a mortgage in the US rose by 0.6% in March according to the Federal Housing Finance Agency. This reflects a slight downturn from the 0.7% increase seen in February 2022.
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Industrial producer prices in Italy fell by 1.5% year-on-year in April 2023. This was entirely unexpected and represents the first decline since January 2021.
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Yesterday the British Retail Consortium reported UK food inflation eased from 15.7% in April to 15.4% in May. This raises suspicions that the soaring price of groceries may have peaked in April.
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Yesterday, the pound surged to a six-month high against the euro. The GBP/EUR jump is believed to be fuelled by a better-looking pound and uninspired consumer confidence data from the US, which seems to have rocked the boat.
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