by Julian Benson | Oct 12, 2023
Portugal’s trade deficit narrowed to €2.4 billion in August 2023 from €3.24 bn at the same time last year as imports fell faster than exports. Figures show imports decreased by 16% and exports contracted by 7.7% in...
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by Julian Benson | Oct 12, 2023
Manufacturing output in the UK shrank 0.8% month-on-month in August, more than expectations of a 0.4% fall but slowing from an upwardly revised 1.2% drop in July. This marked the second consecutive month of decline as nine of the 13 sub-sectors decreased. GBP/USD: the...
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by Julian Benson | Oct 12, 2023
The pound continued to rally against the US dollar on Wednesday ahead of UK factory order data and UK GDP figures. The pound also strengthened 0.2% against the euro, returning its weekly performance to positive territory. This morning the Office for National...
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by Julian Benson | Oct 11, 2023
The Mexican peso gained 1.85% against the US dollar yesterday following dovish comments from the Federal Reserve. This movement was influenced by the plunge in US Treasury bond yields. For more on currencies and currency risk management strategies, please get in touch...
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by Julian Benson | Oct 11, 2023
European shares are slightly down this morning, following a rally on Tuesday fuelled by US policymakers’ dovish stance. Frankfurt’s DAX 40 dropped 0.3% and the pan-European STOXX 600 lost around 0.2%.
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