by Julian Benson | Oct 18, 2023
UK inflation held steady at 6.7% in September, exceeding expectations of 6.5%. The inflation rate is currently the highest in G7, as transport costs rebounded. Yesterday, the Office for National Statistics published figures that documented annual growth in regular pay...
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by Charles Purdy | Oct 18, 2023
This morning’s inflation data from the Office for National Statistics will have disappointed the government, which needs it to fall considerably to achieve the target of 5.1% by the end of the year. The figure of 6.7% was the same as last month, although core...
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by Charles Purdy | Oct 17, 2023
It was a negative day for the US dollar, with losses of more than half a cent against the pound, euro, Antipodean dollars and Swedish krone. This was despite a real dearth of data, but with the aforementioned comments from influential policymaker Patrick Harker...
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by Charles Purdy | Oct 17, 2023
Yet another mixed day for the euro, strengthening against the dollar and yen but weakening against sterling, albeit not by much. Yesterday there was some data on Italian inflation, but nothing to frighten the horses. European Central Bank policymakers, like their...
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by Charles Purdy | Oct 17, 2023
The pound strengthened yesterday, ahead of a week of data. This morning’s earnings data showed that interest rate rises may be starting to deter firms from agreeing large pay settlements. The rise was 7.8% excluding bonuses, showing a real terms (i.e. allowing for...
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