This afternoon markets will see if their predictions for annual inflation were accurate. The rate is forecast to slow for a sixth straight month to 6.5%. If it does, this would point to the lowest inflation rate since…
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The euro maintains strength against sterling and the US dollar, sitting in a much better position against the two compared to this time last week. It is a similar story for European equity which rose on Wednesday.
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The pound made weekly gains against a handful of its rivals yesterday, including the Swiss Franc, Australian Dollar and US dollar. Against the greenback, sterling was up nearly 0.8% compared to this time last week.
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Today marks another quiet day for UK and eurozone data releases, while US data dominates. In the meantime, Sterling-watchers eagerly anticipate Britain’s month-over-month GDP which will be released on Friday.
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There was little movement for sterling in the early part of this week, or indeed this year. The relative stability in the pound-to-euro exchange rate (since the 3% drop after the last interest rate decision almost a month…
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Following small business optimism declining, US economists saw the Economic Optimism Index fall to 42.3 in January 2023, from 42.9 in December and considerably below the 20-year average of 49.6.
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Market watchers looked to the stock market and saw European shares extend their losses yesterday, following the eight-month highs seen on Monday.
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Retail sales in the UK shocked markets yesterday as it rose to 6.5% in December 2022, markedly above expectations of 2.5% and up from 4.1% in November 2022.
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