The pound surged this morning following data showing that while the headline rate of inflation has fallen to 8.7%, the underlying trend is still nowhere near where the Bank of England needs it to be for their forecast…
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Member of the Federal Reserve's (Fed) Board of Governors, Christopher J Wallis, is due to deliver a speech tomorrow afternoon. Economists all over will be listening out for any hawkish comments, as these could boost the US dollar.
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On Monday, markets saw the latest consumer confidence indicator edge up gently to -17.4 in May 2023.
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Sterling enters the day on a mixed footing against the euro and US dollar. Compared to this time last week, GBP/EUR remains somewhat unchanged but on a monthly comparison, sterling has strengthened by over two and a half…
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This morning's UK public sector net borrowing data revealed that net borrowing (excluding banks) rose to £25.6bn in April 2023, up from £13.7bn a year before.
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Monthly durable goods orders will be one of several US key releases scheduled for release this Friday. The previous data revealed that, new orders for US manufactured durable goods rose by just over 3 per cent.
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In the last data release, the indicator hit its sixth consecutive period of increase, rising by 0.4 points from a month earlier to 93.6, in April 2023.
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Yearly inflation in the UK is expected to ease again in this Wednesday's data release by the Office for National Statistics.
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