Market-watchers will have lots on their plate, with several economic data releases scheduled in over the course of today.
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There was little movement for sterling yesterday, but it held on to the slow gains it has made in the past week against the euro and is close to its strongest against the US dollar since last June.…
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Blue-chip The Dow was trading around the flatline yesterday morning, while other key stocks The S&P 500 and Nasdaq 100 were down 0.3% and 0.6% respectively. These struggles may be due to investors’ cautions about the health of…
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Yesterday we heard that consumer confidence in Italy rose to 105.1 in March 2023. This is the highest since February 2022 and considerably higher than market expectations of 104.
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The US dollar has undoubtedly struggled this month as a result of the banking turmoil from Silicon Valley Bank, but this has seen the pound outperforming the US dollar as sentiment towards the UK improves.
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Sterling gained close to 0.5% against the US dollar yesterday after Andrew Bailey, governor of the Bank of England reported the central bank is on “heightened” alert for further turmoil in the banking sector.
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The dollar weakened against almost all-comers yesterday, with a consistent 0.75% loss against the pound, euro, Canadian and Australian dollars since yesterday morning.
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The euro lost to the pound but gained against the US dollar yesterday, with the big data of the day the Ifo Business Climate report for Germany which showed a better result than both last month and against…
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