by Charles Purdy | Sep 12, 2023
Speaking in India yesterday, chancellor Jeremy Hunt warned the pace of high inflation will prevent pre-election tax cuts in Britain as signs emerge that the Bank of England will raise interest rates next week to ease cost-of-living pressures. GBP/USD past year 1 Min 5...
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by Charles Purdy | Sep 12, 2023
Sterling weakened by around 0.4% against the euro and US dollar yesterday afternoon, but has been recovering ever since against the euro. The UK unemployment rate for July came in at 4.3% this morning, higher than the 4.2% in June and its highest since 2021. Perhaps...
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by Julian Benson | Sep 11, 2023
Wednesday will bring US inflation figures for August. The year-on-year rate is expected to rise from 3.2% in July to 3.4% and the month-on-month rate is expected to increase 0.2%, matching July’s monthly increase.
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by Julian Benson | Sep 11, 2023
Ahead of the all-important ECB decision, European shares entered positive territory this morning, as markets prepare for a crucial week. The Bank is expected to leave rates unchanged at 4.25% on Thursday. Despite rumours that another rate hike is needed to tame high...
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by Julian Benson | Sep 11, 2023
After the UK unemployment rate increased to 4.2% in the three months to June 2023, the highest level since late-2021. Tomorrow, the figures for July will be revealed and markets predict the rate will remain at 4.2%.
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