The euro profited from a lower US dollar yesterday, trading at its strongest rate since mid-June this year. The European Central Bank is expected to deliver an interest rate hike to 2.5% on Thursday.
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This morning UK markets heard Inflation came in below market forecasts at 10.7% in November, from 11.1% in October – the highest reading in 41 years.
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This morning the UK’s annual inflation rate came in at 10.7%, a drop from 11.1% recorded in the year to October. It is slightly below the level predicted and this could have an influence on the Bank of…
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Yesterday the New York Federal Reserve released its surveyed results on inflation. The results are overall positive but still elevated.
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As well as the ECB’s interest rate decision this week, eurozone markets will also find out the latest S&P Global/BME Germany Manufacturing PMI this week.
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This Thursday the pound will navigate a variety of key data releases including this month’s GfK Consumer Confidence.
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The big data news today comes from unemployment which edged higher to 3.7% in the three months to October, from 3.6% in the previous period.
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Sterling has got off to an unsteady start in the very early stages of the week, but we’ve come to expect that for Monday mornings, especially ones as chilling all round as today. However, with several high-profile data…
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