The week ends with no breakthrough in negotiations to avert December and January’s rail strikes, a crippling blow for the UK’s retail, entertainment, hospitality and many other industries this Christmas. There are estimates that more than a million…
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The Canadian dollar weakened against its major counterparts in European deals. This comes as investors worry that the Federal Reserve’s monetary tightening could overturn America’s economic growth.
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ECB president Christine Lagarde is likely to discuss eurozone interest rates and inflation in this afternoon’s speeches. The central bank suggested pausing the ongoing interest rate hikes in its October meeting.
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The UK’s levelling up secretary Michael Gove gave the green light for the country’s first new coalmine to be built. The coalmine, backed by £165m government investment, will be built in Cumbria.
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The major data releases quieten down for the remainder of this week. However, that all changes next week as the Office for National Statistics (ONS) will release Britain’s latest inflation rate next Wednesday.
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There were wild swings in the exchange rates yesterday, with sterling gaining and losing 0.5 to 1% against the euro and US dollar during a three hour session yesterday afternoon. This week the pound hit a six-month high…
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The US Logistics Manager’s Index fell to 53.6 in November from 57.5 the month before.
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Yesterday the euro saw gains against the US dollar but it may have lost momentum.
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