Like Britain, the US will also be expecting manufacturing PMI today in which the index is also expected to fall in line with preliminary estimates.
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The latest S&P purchasing manager's index data will be released shortly. Markets are expecting the index to take another dip after falling in the previous release.
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Despite a choppy entrance to the New Year for GBP/EUR, the pound is only marginally weaker than it was this time last Friday. It is a similar story for sterling versus the dollar, which started 2023 with a…
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The US dollar ends the year some 5 to 15% ahead of where it started 2022 against most of its major rivals, powered in this appalling year for global peace and climate disasters by a strong safe-haven appeal.
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The single currency ends the year around 6% down on the US dollar but ahead of most other currencies compared to the start of 2022.
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Sterling ends the year against the euro around 5% down on where it started 2022, but still sticking close to its post-referendum average. It’s some 10% down on the US dollar compared to 1st January 2022 in what…
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In the absence of any serious data releases or political events this week, sterling, largely on the backfoot since the interest rate decisions in mid-December, has been left to swing in the wind. The Christmas period saw some…
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Today market participants will see if the number of Americans filing new claims for unemployment benefits has risen in line with market forecasts of 260,000, in the latest initial jobless claims data.
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