by Charles Purdy | Nov 3, 2023
After Wednesday’s sharp falls, the dollar was stable yesterday. Following the interest rate decision on Wednesday (rates were kept on hold), there was little data yesterday. Later today we will have the second of the week’s employment reports. JOLTS Job Openings on...
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by Charles Purdy | Nov 3, 2023
While nothing to write home about, it was a marginally positive day for the single currency against most major rivals. Data releases contained a few surprises, including German unemployment worsening, but new car sales in Spain shooting up by 18%. We’ve just heard...
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by Charles Purdy | Nov 3, 2023
The pound entered the new month marginally weaker (0.4%) than the start of October, but largely unchanged for the past fortnight. Several members of the MPC will be talking today in the wake of the Bank’s decision to hold interest rates at a 15-year high for the...
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by Charles Purdy | Nov 3, 2023
Yesterday there was little reaction in the markets to the unsurprising news that the Bank of Engand (BoE) was holding interest rates at 5.25%. It followed the European Central Bank (ECB) and US Federal Reserve also pausing interest rate rises over the past few days....
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by Julian Benson | Nov 2, 2023
The ISM US manufacturing PMI slipped to 46.7 in October from 49 in September and below forecasts of 49. Readings below 50 indicate a contraction from the previous month, and this reading points to the eleventh consecutive contraction for the manufacturing sector....
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