by Julian Benson | Oct 25, 2023
At 9 am this morning, Germany’s IFO survey which reflects the business climate is expected to fall ever so slightly from 85.7 in September to 85.3 in October.
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by Julian Benson | Oct 25, 2023
The pound lost 0.5% against the euro and US dollar in Tuesday’s session amid business activity contractions and a labour hiring freeze. The likelihood of a mild recession for the UK seems to have escalated.
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by Julian Benson | Oct 25, 2023
The pound and euro both lost over half a per cent against the US dollar yesterday after a string of optimistic US data supported the greenback. US private sector growth accelerated in October as the composite PMI rose to 51.0, up from September’s 50.2. This marked the...
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by Julian Benson | Oct 25, 2023
As the UK unemployment rate rose to 4.2% between June and August, policymakers predict Bank of England policymakers will keep interest rates unchanged at 5.25% next week. Whether economists’ predictions will ring true remains to be seen and as we well know, a lot can...
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by Julian Benson | Oct 24, 2023
The dollar weakened almost across the board yesterday, in a quiet start of the week for data. This afternoon we will get flash readings for PMI, with both services and manufacturing finely balanced around 50. Over 50 denotes that business leaders are optimistic, while...
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