by Charles Purdy | Jul 18, 2023
Sterling has begun to drift against most major rivals. Although holding on to some of the gains of last week, at least against USD, it has failed to build on the strength given it by the UK’s worse performance on combatting inflation. Tomorrow will be all about the...
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by Charles Purdy | Jul 18, 2023
Sterling drifted yesterday against the US dollar and euro, but the movements were small and the start of the week has had a feeling of waiting for bigger news. That news will come tomorrow with the inflation data, and rarely has been a number more keenly awaited by...
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by Julian Benson | Jul 17, 2023
On Friday, US bank Wells Fargo reported a 57% rise in profits in the second quarter of 2023 as it earned more interest from customer payments. JP Morgan reported a 67% increase in net income since this time last year but spoke out about having to set aside funds to...
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by Julian Benson | Jul 17, 2023
After a rocky start to the week, the euro gained over 2.5% against the US dollar last week amid rumours of a sour US market and a lack of EU data. On Friday, the rate rose to an 11-month high against the greenback.
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by Julian Benson | Jul 17, 2023
The consumer price inflation for June 2023 is due to be released on Wednesday morning. Economists forecast a decline from May’s 8.7% to 8.3%. Should this go as planned, it suggests the Bank of England’s interest rate hikes are doing a good job of bringing inflation...
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