by Jonathan Cook | Mar 4, 2024
The fact that US ISM manufacturing index undershoot expectations came as something of a surprise on Friday, particularly as the US economy steams ahead. The decline was driven by a fall in new orders, while a slightly better outlook for backlogs failed to move the...
read more
by Charles Purdy | Mar 1, 2024
The dollar had a broadly positive day yesterday, gaining close a third of a percent against the euro and pound. Whatever the collective noun is for Federal Reserve policymakers, there will be several of them speaking today. The minutes of the last FOMC suggested a...
read more
by Charles Purdy | Mar 1, 2024
The single currency weakened yesterday as inflation was seen to be falling in three of the eurozone’s largest economies. Will that continue across the eurozone as a whole? We will see at 10am. Next week starts slowly for data and doesn’t really gear up until the...
read more
by Charles Purdy | Mar 1, 2024
Sterling recorded another quiet day yesterday, with little on the wires to disturb the markets. This morning’s house price data looks positive, but is already being undercut by mortgage rates starting to be raised again, in the absence of any signs from the BoE that...
read more
by Charles Purdy | Mar 1, 2024
The pound gained a little against the euro and lost a little against the US dollar yesterday, as the quiet period for sterling continued. There were bigger losses against the Japanese yen (with sterling down 0.75% yesterday, although it has picked up again today), but...
read more
