by Charles Purdy | Oct 31, 2023
Yesterday was a good day for the euro, powered by better-than-expected data from the eurozone’s largest economy, Germany. EUR strengthened by 0.5% against USD and by 0.8% against CNY. We have just had a reading for French GDP of 0.1% growth for Q3 (no surprises there,...
read more
by Charles Purdy | Oct 31, 2023
The first data of note in the early part of the week was housing numbers. Yesterday Zoopla revealed that house prices are falling in most of the country, especially in London and the south. However, prices were falling in only 38% of local authority areas in Scotland,...
read more
by Charles Purdy | Oct 31, 2023
In a day packed with economic data and in the shadow of an interest rate cut, pause or raise midweek, the pound remained stable against all but the US dollar, against which it strengthened by just less than 0.50%. There was a mass of data from the eurozone (and that...
read more
by Julian Benson | Oct 30, 2023
The Michigan consumer sentiment for the US was revised higher on Friday, coming in at 63.8 in October. Although up from the preliminary reading of 63, the result marked a sharp retreat from September’s reading of 68.1 to the lowest level since May. For more on...
read more
by Julian Benson | Oct 30, 2023
After the European Central Bank chose to keep interest rate unchanged, the euro approached November 0.45% lower against the US dollar and remains largely unchanged against the pound (compared to this time last week).
read more
