The pound has weakened by around a third of a percent against the euro since yesterday morning, but strengthened by a similar amount against the US dollar.
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Sterling fell against most currencies yesterday, including by around a third of a percent against the euro and Canadian dollars and a little more against the Australian dollar. However, there was a better result against the US dollar,…
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The monthly consumer price inflation in the US rose by only 0.1% in March. This was below market expectations of a 0.2% increase and much lower than February’s 0.4% rise.
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The Federal Statistical Office reported that Germany's annual consumer price inflation hit a seven-month low of 7.4% in March. This was down from 8.7% in the previous two months.
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As well as month-over-month GDP, the Office for National Statistics (ONS) also released the UK’s annual gross domestic product (GDP) figures this morning.
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Sterling has weakened approximately 0.08% against the euro following the release of Britain’s monthly GDP figures this morning. Against the dollar, sterling has strengthened by around 0.59%.
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The International Monetary Fund revised its global growth forecasts yesterday and sees the US economy expanding 1.6% in 2023, slightly more than the 1.3% forecasted in January of this year.
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Yesterday afternoon Germany’s DAX gained close to 0.8%, hitting its highest level since January 2022 following comments from the IMF that suggested high interest rates were “likely to be temporary”.
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