by Charles Purdy | Oct 13, 2023
The US dollar strengthened sharply yesterday, by as much as 1% against the pound, 1.4% against the Australian dollar and 0.75% against the euro. The cause was America’s inflation report. It showed no change in September, staying at 3.7% annually, with core inflation...
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by Julian Benson | Oct 12, 2023
US stocks extended gains on Wednesday for the fourth day in a row as Treasury yields receded following dovish comments from the Fed. The S&P 500 added close to 0.5%, the Dow Jones added almost 130 points and the Nasdaq increased by 0.7%. For more on currencies and...
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by Julian Benson | Oct 12, 2023
Portugal’s trade deficit narrowed to €2.4 billion in August 2023 from €3.24 bn at the same time last year as imports fell faster than exports. Figures show imports decreased by 16% and exports contracted by 7.7% in...
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by Julian Benson | Oct 12, 2023
Manufacturing output in the UK shrank 0.8% month-on-month in August, more than expectations of a 0.4% fall but slowing from an upwardly revised 1.2% drop in July. This marked the second consecutive month of decline as nine of the 13 sub-sectors decreased. GBP/USD: the...
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by Julian Benson | Oct 12, 2023
The pound continued to rally against the US dollar on Wednesday ahead of UK factory order data and UK GDP figures. The pound also strengthened 0.2% against the euro, returning its weekly performance to positive territory. This morning the Office for National...
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