Sterling reached its highest level since 15th December 2022 against the euro this morning and remains close to the year-long high it reached against the US dollar on Monday. It all comes in a hectic week or two…
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The University of Michigan’s preliminary consumer sentiment for the US increased in April to 63.5 from 62 in March. This comes despite rising inflation and increasingly pessimistic news surrounding business conditions.
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This morning Germany’s inflation rate fell to 7.2% in April from 7.4% last month. This matched market expectations and marks the lowest rate seen in Germany for seven months.
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Yesterday the pound rallied to a fresh six-month high against the euro, however economists have concerns that Thursday’s Bank of England policy decision could pose a problem in terms of a setback for sterling.
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While it was a quiet day for data releases yesterday, the markets continued to fluctuate. Both the pound and US dollar gained around half a percent, respectively, against the euro. It’s currently unclear what was the main driver…
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Tomorrow, monthly and yearly inflation will be released by the U.S. Bureau of Labor Statistics, with the yearly rate expected to ease gently to 4.9%. In the previous release, core inflation (excluding food and energy) rose gently from…
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Euro watchers will see the latest inflation data from the fourth-largest economy in the world, Germany, on Wednesday. Final inflation is usually the least impacting of the three, however many will be watching closely as results in line…
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The last of our three major central banks, the Bank of England (BoE), will decide on its interest rate this Thursday. Markets are expecting the BoE to hike rates by 25 basis points (bps) following a 25bps hike to 4.25% in…
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