by Christopher Nye | Jun 13, 2023
Market watchers can expect a flurry of key economic data to be released over the course of today. We’ve just seen the final annual inflation rate for Germany, which was confirmed at the14-month low of 6.1% in May, in line with forecasts. UK unemployment has also been...
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by Christopher Nye | Jun 12, 2023
In the Federal Reserve’s (Fed’s) May meeting, US interest rates were raised by 25bps to 5.25%. In the same May meeting, Fed officials expressed uncertainty about further policy tightening in the months ahead. Majority of economists believe the Fed will not hike its...
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by Christopher Nye | Jun 12, 2023
The European Central Bank raised its key interest rates in May by 25 bps after seven consecutive rate hikes. May’s decision pushed borrowing costs in the area to their highest level in fifteen years, but also pointed to a slowing pace of policy tightening. With recent...
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by Christopher Nye | Jun 12, 2023
In the previous release by the Office for National Statistics (ONS), the UK’s unemployment rate hit 3.9% – its highest level since November 2021-January 2022. The rise meant that economists saw the number of unemployed individuals in the UK rise to 1.329 million....
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by Christopher Nye | Jun 12, 2023
Sterling begins the week stronger than it did this time last Monday with gains of around 0.83% and 1.41% against the euro and US dollar, respectively. This comes after last week’s revelation of the eurozone being in a technical recession, which prompted GBP/EUR...
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