It is a similar story for the eurozone, who will also be releasing its latest inflation data on Wednesday. Preliminary estimates revealed that price pressures in the Euro Area eased more than expected, with the annual rate hitting…
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Market participants are poised for the latest inflation data which will be released on Wednesday. In the previous data, the annual inflation rate eased to 10.7%, from 11.1% in October, remaining at its highest level in over four…
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Sterling relinquished its weekly euro gains, starting on a weaker footing against the single currency. Against the dollar, sterling finds new strength, climbing by almost 0.7% against the greenback on a weekly comparison.
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The drop in US prices in December, led by fuel, air fares and vehicle-price falls, depressed the dollar yesterday as investors watched the prospect of further interest rate rises from the Federal Reserve disappear. Initial and continuing jobless…
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A positive week for the single currency ends, barring mishap today, with a roughly 1-2% rise against major rivals.
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Sterling strengthened against the dollar but weakened against the euro yesterday, as inflation and interest rates again took the box seat.
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Yesterday sterling dropped to its lowest point against the euro since January 2021, aside from its brief dip during Liz Truss’s three weeks in office. It is little better against the US dollar and remains weaker even than…
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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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