Markets saw the pound hit a three-week high against the euro yesterday due to a cocktail of contributing factors.
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Sterling hit its highest point against the euro for three weeks yesterday, and remains at its strongest against the US dollar since the summer. Waiting for the imminent recession and its effect on the exchange rates is like,…
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This afternoon, US markets will receive data on the EIA oil stocks and imports which could have a knock-on effect on the economy.
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The consumer confidence indicator in the eurozone rose by 3.6 points to -23.9 in November, exceeding market expectations of -26.
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The Institute for Fiscal Studies (IFS) think tank said this week that the UK has entered a “new era” of higher taxes following the Autumn Statement.
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Yesterday borrowers breathed a sigh of relief as UK five-year mortgage rates finally dropped below 6% for the first time since Kwarteng’s ill-received September mini-budget.
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Fears of COVID-19 lockdowns in China boosted the dollar against other major currencies over the course of yesterday.
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Eurozone market watchers will gain an insight into the level of optimism that consumers in the euro area have about the economy.
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