by Julian Benson | Oct 19, 2023
After UK inflation held steady yesterday at 6.7%, the pound shot up against its major rivals but by the end of the day was unchanged against the euro and down half a per cent against the US dollar. Economists believe the renewed strength of the greenback follows...
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by Julian Benson | Oct 18, 2023
This afternoon, US economists will receive the latest figures for US building permit approvals for September. Market forecasts suggest a slight decline from 1.541 million in August to 1.46 million this month. For more on currencies and currency risk management...
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by Julian Benson | Oct 18, 2023
The euro gained a modest 0.2% against the US dollar in the Asian session this morning as risk weighs on US investors minds following upbeat data from China. The spotlight this week remains on Lagarde’s speech and EU/US...
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by Julian Benson | Oct 18, 2023
This morning’s shock pause in UK inflation adds pressure on the Bank of England to bring the rate back down to the 2% target – a rate we’ve not seen since late spring 2021. 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 | Oct 18, 2023
UK inflation held steady at 6.7% in September, exceeding expectations of 6.5%. The inflation rate is currently the highest in G7, as transport costs rebounded. Yesterday, the Office for National Statistics published figures that documented annual growth in regular pay...
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