by Christopher Nye | Jan 18, 2024
The dollar went in two directions yesterday, strengthening against most major currencies but weakening against both the euro (slightly) and pound. There will be plenty of mid-level data to pick through today, including building permits and jobless claims. Tomorrow...
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by Christopher Nye | Jan 18, 2024
A generally positive day for the single currency, which strengthened against all but the inflation-boosted British pound. There isn’t a great deal to interest the markets today but tomorrow we will get a reading for German inflation expectations (PPI) and hear from...
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by Christopher Nye | Jan 18, 2024
Sterling strengthened by an average of 0.30% to 1% against major currencies yesterday in response to rising inflation, and the hopes of the money markets for interest rates staying higher for longer. Today is a moment or respite from big data in a hectic period, but...
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by Charles Purdy | Jan 18, 2024
Sterling gained across the board yesterday as inflation confounded expectations and rose in December, taking the annual rate to 4%. The impact on the pound was immediate and, for the most part, sterling held onto the gains, ending the day around a quarter of a percent...
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by Charles Purdy | Jan 17, 2024
UK prices have confounded the forecasters (just for a change), rising by 4% in the year to the end of December, when 3.8% had been expected. Not much of a difference maybe, but the change in direction (the previous month inflation fell sharply) will be causing...
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