The pound has suffered a slight reversal following three days of strong gains as retail sales and consumer confidence readings undid the positive news on jobs and inflation earlier in the week.
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A lively week in the currency markets ends with sterling currently some 1% stronger than the start of the week against both the euro and US dollar. It was more, but two disappointing data sets this morning have…
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The latest retail sales data from the US Census Bureau revealed that retail sales in the US fell 1.1% month-over-month in December, following an upwardly revised 1% drop in November.
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While the pound rallied against the euro yesterday, the euro climbed to its highest level against the US dollar in nine months. This followed increased speculation on a more dovish pivot from the Federal Reserve, in comparison to the…
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Markets saw the latest inflation data yesterday, which revealed the UK’s annual rate fell to 10.5% in December, in line with forecasts. The fall marks the second consecutive month of eased inflation.
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Sterling surged against the euro yesterday and has maintained those gains this morning following a more ‘dovish’ stance from the European Central Bank. Tuesday’s strong unemployment data also contributed to the pound’s strength.
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Sterling strengthened by around 1% yesterday against both the euro and US dollar, following positive news on jobs and earnings in the UK. While it has largely held onto those gains, a mixed picture for inflation this morning…
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The pound gained almost 1% against the single currency and the US dollar yesterday following strong UK employment data which indicated that the number of people working in the UK grew by 27,000 in the three months to…
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