by Charles Purdy | Jan 12, 2024
The US dollar strengthened sharply yesterday following the news that US inflation has swung upwards again. However, the gains proved short-lived and USD/GBP ended up close to where it started the day. Later today we will hear a reading for PPI, a good indicator of...
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by Charles Purdy | Jan 12, 2024
The euro treaded water yesterday, with nothing to excite the markets, at least on the EUR side of the equation. However, French inflation has just been revealed to be tracking slightly upwards, like the US, and Spanish inflation will be revealed shortly. Next week...
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by Charles Purdy | Jan 12, 2024
In the light of today’s GDP news, but with the UK teetering on the edge of recession, watch out for the NIESR Monthly GDP Tracker at lunchtime today, with a forecast for UK GDP for the forthcoming quarter. Next week is a busy one for the Office for National...
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by Charles Purdy | Jan 12, 2024
After falling in October, Gross Domestic Product (GDP) in the UK rose by 0.3% in November, better than most economists expected and powered by the services sector. The immediate effect on the pound has been negligible, but GBP/EUR are GBP/USD are close to their...
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by Jonathan Cook | Jan 11, 2024
The US dollar continued to bounce around, losing over a third of a per cent to both the pound and the euro. The question for the US is when will a historically strong labour market start to crack? In theory, that should have already happened with higher interest...
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