by Charles Purdy | Feb 2, 2024
While the UK’s focus was on interest rates, the single currency made modest gains yesterday, based on mixed inflation data – a fall from last month to 2.8% year on year (3.3% for core inflation) but not much of a fall. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Charles Purdy | Feb 2, 2024
After the excitement of an interest rate week, things go a little quiet for macro-economic data today and next week. However, there will be house price data next week from the Halifax and from RICS surveyors. Will it show a continued rebound in property prices?...
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by Charles Purdy | Feb 2, 2024
In a fairly frantic day yesterday, sterling swung by over 1% against the US dollar while continuing to flirt with an 18-month high against the euro. The Bank of England (BoE) opted, like its European and US counterparts and as expected, to keep interest rates on hold....
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by Jonathan Cook | Feb 1, 2024
The euro dipped against the pound and treaded water against the US dollar in yesterday’s trading. There is a long list of interesting data coming out of the eurozone today. Core and headline inflation are probably the pick of the bunch, but unemployment data will also...
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by Jonathan Cook | Feb 1, 2024
The US dollar lost around 0.5% to the pound yesterday and was little changed against the euro, before the Federal Reserve’s decision boosted the dollar in overnight trading. Private companies filled 107k positions in January, far fewer than had been expected. Experts...
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