by Julian Benson | Dec 7, 2023
Tomorrow morning, (7am UK time) German inflation figures will be released. Economists forecast the annual rate to fall from 3.8% to 3.2%, while the monthly rate is expected to lose 0.4%. Should Germany’s consumer price inflation drop to 3.2%, it will be the lowest...
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by Julian Benson | Dec 7, 2023
Kim Kinnard, director at Halifax Mortgages said, “The resilience seen in house prices during 2023 continues to be underpinned by a shortage of properties available, rather than any significant strengthening of buyer demand.” GBP/USD: the past year 1 Min 5 Min 1 Hr 1...
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by Julian Benson | Dec 7, 2023
The Halifax house price index rose by 0.5% in November, slightly missing expectations of a 0.8% rise, following a growth of 1.1% in October. This marks the second consecutive month of rising prices due to a shortage of homes to match the demand. There was little...
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by Charles Purdy | Dec 6, 2023
Following its steep climb last week, sterling has taken off again this morning against the euro, albeit in a much less dramatic fashion. The prompt has probably been the Purchasing Managers’ Index (PMI) yesterday, which was upgraded to 50.9 for services – denoting...
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by Jonathan Cook | Dec 6, 2023
The US dollar continued to benefit from its perception as a safe-haven, posting gains against the pound and the euro in yesterday’s session. While markets rarely get everything (or even very much) right, it’s not often consensus estimates miss the mark as much as they...
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