by Julian Benson | Aug 24, 2023
The industrial and economic data is coming thick and fast this week, and we have just heard that French business confidence edged down to 96 in August from an upwardly revised 101 in July and expectations of 99. That’s really the high point of the week remaining but...
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by Julian Benson | Aug 24, 2023
There are two interesting reports today. The first will be coming out shortly, CBI Distributive Trades, which is a measure of retail sales as judged by orders from suppliers. Markets predict it could be the lowest since 2021. Also today, and related, there will be Gfk...
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by Julian Benson | Aug 24, 2023
It was a lively morning for sterling yesterday as it reached its highest point against the euro for nearly a year, but then fell back sharply and ended the day down across the board. Indeed, by the end of the day, GBP/AUD and GBP/JPY were down around 1%. The initial...
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by Julian Benson | Aug 23, 2023
The USD/EUR rate gained 0.5% yesterday despite rate hike jitters weighing on investors’ minds. This takes the greenback’s monthly gains to just over 2.5% higher than this time last month, but whether its strength will continue in the coming days remains to be seen....
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by Julian Benson | Aug 23, 2023
A strong set of PMI prints could give the European Central Bank more confidence that the economy could take another rate hike, which could boost the euro.
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