by Charles Purdy | Jan 12, 2024
In the light of today’s GDP news, but with the UK teetering on the edge of recession, watch out for the NIESR Monthly GDP Tracker at lunchtime today, with a forecast for UK GDP for the forthcoming quarter. Next week is a busy one for the Office for National...
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by Charles Purdy | Jan 12, 2024
After falling in October, Gross Domestic Product (GDP) in the UK rose by 0.3% in November, better than most economists expected and powered by the services sector. The immediate effect on the pound has been negligible, but GBP/EUR are GBP/USD are close to their...
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by Jonathan Cook | Jan 11, 2024
The US dollar continued to bounce around, losing over a third of a per cent to both the pound and the euro. The question for the US is when will a historically strong labour market start to crack? In theory, that should have already happened with higher interest...
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by Jonathan Cook | Jan 11, 2024
EUR/USD climbed by over fourth-tenths of a per cent and by a much thinner margin against the pound. Don’t shoot the messenger, said the ECB’s Luis de Guindos, but inflation may return and growth could be stunted. The vice president said that recent progress on...
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by Jonathan Cook | Jan 11, 2024
GBP/EUR fell by just 0.1% yesterday but sterling climbed by a third of a per cent over the US dollar. BoE governor Andrew Bailey didn’t say as much as perhaps markets hoped during yesterday’s remarks. He approved of high street banks reducing the cost of their...
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