The Bank of England’s (BoE) governor, Andrew Bailey, spoke more optimistically about the UK’s economic outlook yesterday, at the British Chambers of Commerce Global Annual Conference, in London.
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Sterling enters the day strong against a couple of its rival currencies. The pound is up on a weekly footing against the Australian dollar and Japanese yen by over half a percent, and over one and a half…
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Yesterday the NAHB/Fargo housing market index in the US rose to 50 points in May, from 45 in April. This marks the fifth consecutive month of growth despite continued challenges faced by builders due to a shortage of…
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Later today, markets will receive the final April inflation rate for the euro area, which has the potential to move markets. However, the rate is only expected to fall to 6.9% from 7.0% last month.
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Provisional data from the Office for National Statistics revealed the number of workers on UK employers’ payrolls dropped for the first time in two years last month. Figures showed a fall of 136,000 employees between March and April.
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It was a quiet day for the currency markets yesterday despite a flurry of economic data following the UK’s unemployment rate, which slightly increased by 0.1% in April on Tuesday.
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Sterling had looked to be on an upward trajectory over the past month, on Monday coming close to its strongest level, again, since the start of the year. However over the past 24 hours or so it has…
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In the previous data release, US retail sales fell, over half a per cent month-over-month, marking the second consecutive month of decline. Today, markets expect the figures to make a complete U-turn, with a predicted rise of 0.7%.
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