by Julian Benson | Aug 16, 2023
The NAHB/Wells Fargo housing market index in the US fell unexpectedly to 50 in August, from 56 in July, which was the highest reading since June last year.
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by Julian Benson | Aug 16, 2023
Danish brewer, Carlsberg, raised its expected profit growth to be between 4% and 7% this year after a “solid business performance” in the first half of 2023. The company revealed volumes grew 0.8% organically between January and June, while sales grew 11%. It is due...
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by Julian Benson | Aug 16, 2023
UK inflation has dropped to the lowest level since February 2022, following cuts in energy price caps, however, London think tank, the IPPR, fears the UK faces a “high” risk of recession. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Aug 16, 2023
The UK inflation rate fell to 6.8% in July, from 7.9% in June and matching market expectations as energy prices eased. The core rate remained at 6.9% and consumer prices fell by 0.4%, the first decline since January. The pound made gains of 0.3% against both the euro...
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by Charles Purdy | Aug 16, 2023
The long-awaited inflation data has left the currency markets in a bit of a quandary. The headline rate has fallen from 7.9% in June to 6.8% in July. Good news! However, economists also look at the ‘core’ inflation rate, excluding more volatile food and...
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