by Charles Purdy | Sep 20, 2023
The pound has dropped to its lowest level for six weeks against the euro today (and its lowest against the US dollar since the spring). The reason was the all-important inflation data. “All important” that is, because of how it might guide the interest rate decision...
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by Charles Purdy | Sep 20, 2023
The dollar weakened yesterday morning, but had largely regained those losses by the end of the day against sterling, and this has been boosted by UK inflation today. Yesterday’s mixed signals on housing, which is directly and rapidly affected by interest rate policy,...
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by Charles Purdy | Sep 20, 2023
The euro had a broadly negative day, weakening by between a third and half a percent against the Norwegian krone and various non-US dollars. Final results for inflation came in broadly as expected, with eurozone core inflation at 5.3% and CPI inflation dropping...
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by Charles Purdy | Sep 20, 2023
That latest inflation data for the UK shows Consumer Price Inflation (CPI) dropping to 6.7%, and the effect this could have on the BoE’s interest rate decision tomorrow has already created ripples in the markets. Aside from that, tomorrow there will be data on public...
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by Charles Purdy | Sep 20, 2023
This morning’s inflation figure has sent the pound to a new low for the month against the euro and its lowest against the US dollar since May. The UK’s inflation figure has just come in at 6.7%, slightly lower than last month but significantly lower than expectations...
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