by Charles Purdy | Sep 26, 2023
The euro lost across the board yesterday following the head of the European Central Bank warning about the declining state of the EU economy. The data that did come out was much as expected, including the Ifo Business Climate for Germany, slightly better than expected...
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by Charles Purdy | Sep 26, 2023
The pound had a mixed day, but did at least show some signs of recovery after a torrid week that has seen losses of between 1 and 2% against the next few most traded currencies. However, with little on the docket apart from a marginally less bad result for CBI...
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by Charles Purdy | Sep 26, 2023
Sterling made a bit of a recovery yesterday against the euro, by close to a quarter of a percent, though it lost a similar amount to the US dollar, reaching yet another six-month low. Indeed, it was the dollar’s day, powered upwards by hopes of an interest rate hike...
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by Julian Benson | Sep 25, 2023
The latest purchasing managers’ index flash survey from S&P Global showed a slight drop-in US business activity in September. The overall output index fell to 50.1 last month from 50.2 in August.
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by Julian Benson | Sep 25, 2023
Producer prices in Spain slid by a record 10% in August 2023, from a year ago, following an upwardly revised 8.6% drop in July. This marks the sixth consecutive month of producer decline.
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