The pound is slightly stronger against the euro and is beginning to gain some strength against the dollar this morning following the release of UK retail sales data. Retail sales fell in May, with food stores being the…
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Yesterday, during is testimony in front of Congress, Powell said that a recession was “certainly a possibility”. Powell’s testimony will continue today, and the markets will be listening to his every word.
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After rising against the dollar yesterday, the euro has fallen this morning after the release of French and German PMI data.
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Later today, PMI figures will be released, providing a snapshot of how the UK economy has performed so far in June.
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The pound is still weaker against the euro this morning after falling yesterday. This was due to UK inflation, which rose to 9.1% in May – a fresh 40 year high. This morning, data revealed that the government…
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The pound has responded to today’s inflation figures by dropping close to 0.5% against the euro and US dollar. The year-on-year rise to 9.1% wasn’t as high as some had predicted, which is perhaps why sterling has weakened,…
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The dollar has strengthened against the pound and the euro this morning as markets await US Federal Reserve Chair Jerome Powell’s testimony. Markets will be listening for any hint of another interest rate hike of 75 basis points…
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The euro strengthened slightly yesterday after hawkish comments from the European Central Bank’s Chief Economist, Philip Lane, but has weakened against the dollar this morning. Consumer confidence figures for the eurozone will be released this afternoon.
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