by Julian Benson | Oct 25, 2023
The US dollar index (DXY) appears steady this morning after gaining 0.6% on Tuesday. This movement was underpinned by strong US manufacturing and services data that provided further proof of the US economy’s...
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by Julian Benson | Oct 25, 2023
At 9 am this morning, Germany’s IFO survey which reflects the business climate is expected to fall ever so slightly from 85.7 in September to 85.3 in October.
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by Julian Benson | Oct 25, 2023
The pound lost 0.5% against the euro and US dollar in Tuesday’s session amid business activity contractions and a labour hiring freeze. The likelihood of a mild recession for the UK seems to have escalated.
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by Julian Benson | Oct 25, 2023
The pound and euro both lost over half a per cent against the US dollar yesterday after a string of optimistic US data supported the greenback. US private sector growth accelerated in October as the composite PMI rose to 51.0, up from September’s 50.2. This marked the...
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by Julian Benson | Oct 25, 2023
As the UK unemployment rate rose to 4.2% between June and August, policymakers predict Bank of England policymakers will keep interest rates unchanged at 5.25% next week. Whether economists’ predictions will ring true remains to be seen and as we well know, a lot can...
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