President of the European Central Bank (ECB), Christine Lagarde, will deliver two speeches before the end of the week. Euro watchers will be listening closely to her speech on Friday, titled ‘Post-pandemic challenges: high inflation, high indebtedness and…
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Bank of England governor, Andrew Bailey, is due to deliver a speech at the British Chambers of Commerce Global Annual Conference in London tomorrow. The speech comes after the BoE made its twelfth consecutive interest rate increase last…
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Economists have lots of fresh labour market data to absorb this morning. Markets have just seen the latest unemployment data for the UK. The rate rose slightly, by 0.1 percentage point in March, to 3.9 per cent, surpassing…
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The US dollar enters the week stronger against the pound by just over half a percent. Against the euro, it is a similar story as with the greenback boasting gains of around 1.62%, compared to this time last…
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Final readings for French and Spanish inflation revealed a rise for both eurozone economies. France's yearly inflation rose to 5.9% as economists expected.
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The GfK Consumer Confidence indicator for the United Kingdom is expected to fall slightly to -32 on Friday. This comes after figures hit their highest level in over a year, -30, in April.
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Pound sterling maintains its euro gains into the new week, but is a little weaker against other G7 rival currencies, such as the Japanese yen and Canadian dollar.
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Sterling has been having a good run against the euro in recent weeks and gained almost 2.5% in the past month. Last week you would have got more euros for your pounds that at any time in 2023,…
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