Yesterday markets heard eurozone inflation was 10% in November, down from 10.6% in October. This is the first decline markets have seen in 17 months and is expected to be fuelled by the soaring costs of energy.
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This morning markets heard UK house prices have fallen 1.4% in November – the fasted pace since June 2020. This drop may come as rising borrowing costs influence buyers’ sentiments.
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The GBP/USD rate strengthened over the course of the month, putting today’s rate approximately 15% higher than its September low. Questions remain over the state of the US economy. Yesterday, the US GDP growth rate was revised to…
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Today the US Dollar braces itself for various key data releases, including US Q3 GDP data which is due at 2:30pm UK time.
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Alongside the eurozone inflation, Italy's latest inflation rate will be released today just before lunch.
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Britain's car and van market is expected to boost the economy by £14bn next year as supply chain shortages ease.
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The UK government and French-owned energy suppliers, EDF, are set to take a 50-50 equity split for the Sizewell C nuclear plant in Suffolk.
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Having dropped 1% on Monday, sterling made some attempts to climb back again yesterday. However, it all remains uncertain for exchange rates as multiple factors weigh in, including the rise of Covid in China (where only 38% of…
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