by Charles Purdy | Jan 17, 2024
UK prices have confounded the forecasters (just for a change), rising by 4% in the year to the end of December, when 3.8% had been expected. Not much of a difference maybe, but the change in direction (the previous month inflation fell sharply) will be causing...
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by Jonathan Cook | Jan 17, 2024
The euro continued to cede value to the US dollar while trading broadly flat against the pound. Despite yesterday’s disappointing GDP outcome, German consumers are starting to feel better about things. At least that’s what the influential ZEW Economic Sentiment Index...
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by Jonathan Cook | Jan 17, 2024
GBP/USD lost over a cent on another bruising day for the pound, although it was little changed against the euro. The pace of average UK wage growth slowed to 6.5% in November from 7.2% the month prior. The Bank of England are said to view this metric as a key...
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by Jonathan Cook | Jan 17, 2024
The US dollar had another strong session, shooting upwards against its major rivals on the back of geopolitical uncertainty in the Middle East. There hasn’t been much US data to sink our teeth into this week, but that changes with December’s retail sales out today....
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by Jonathan Cook | Jan 17, 2024
Sterling shot up this morning as news broke of an unexpected rebound to UK inflation. Having lost over a cent to the US dollar yesterday, GBP/USD retraced almost a third of Tuesday’s losses in early morning trading. The US dollar continued to benefit from a...
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