The pound lost 1% against the euro yesterday ahead of the UK inflation data and the Bank of England’s interest rate decision on Thursday. Sterling has regained some ground this morning.
Read more
›
This morning UK inflation edged higher from 10.1% in January to 10.4%. This is the first increase in four months and forecasts expected a reading of 9.9%.
Read more
›
It’s a calm week for eurozone data so Eurozone economists will be looking towards Thursday’s Bank of England interest rate decision. Should the BoE surprise markets with another increase in Bank rates, the EUR/GBP rate could profit.
Read more
›
Existing home sales in the US rose more than expected in February 2023 with a 14.5% jump to a seasonally adjusted rate of $4.58 million. This represents the largest monthly percentage increase since July 2020.
Read more
›
The dollar gave a mixed performance on Monday afternoon as investors examined the health of the global financial system.
Read more
›
On Thursday, markets will see the latest consumer confidence reading for the eurozone. The consumer confidence survey aims to uncover how eurozone consumers view past and future economic conditions.
Read more
›
It is scheduled to be a busy day for the office for national statistics (ONS) tomorrow. As well as inflation, many will be keeping a close eye on the latest PPI input and output data which will be…
Read more
›
The Office for National Statistics have just reported that latest figures for public sector net borrowing in the UK posted a £15.86bn deficit in February, compared to a £6.2bn gap in the previous year.
Read more
›
