by Charles Purdy | Feb 19, 2024
The currency markets were kept guessing last week by a constant supply of the highest level economic data, after which we are left really none the wiser on how the UK economy is doing. Yes, we are in a technical recession, but people are still spending well in the...
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by Jonathan Cook | Feb 19, 2024
The pound underwent a couple of corrections last week as markets reacted to economic data. Sterling first fell on the news that inflation had undershot expectations before tumbling again as the UK officially entered a technical recession. Over the course of last week,...
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by Jonathan Cook | Feb 19, 2024
What better way to cast off the blues of recent days than a little retail therapy? News that sales had climbed by 3.4% in January (far more than the 1.5% that was expected) brought the week to a close on a slightly happier note for the UK. GBP/USD: the past year 1 Min...
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by Jonathan Cook | Feb 19, 2024
The euro has been steadily losing value to the pound and the US dollar since the beginning of 2024. Last week’s gains were only marginal, but the eurozone will take heart that its anchor has finally caught the seabed. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Feb 19, 2024
The US Producer Price Index (PPI) climbed 0.3% in January, representing the largest increase in five months. For anyone familiar with the American healthcare system, it will be little surprise that the biggest increase was in the price of hospital care (2.2%)....
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