by Julian Benson | Jun 7, 2023
Yesterday economists heard that retail sales in the Euro Area remained unchanged in April, following just under half a per cent decline the month before. This fell short of market expectations which forecast a 0.2% growth. Looking at the same data at this time last...
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by Julian Benson | Jun 7, 2023
Despite a lack of key economic data yesterday, the S&P Global/CIPS Construction PMI came in at 51.6, from 51.1 and slightly over market expectations of 51.5. This modest growth was driven by faster rises in commercial and civil engineering activity and represents...
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by Julian Benson | Jun 7, 2023
The World Bank revised its growth forecasts for 2023 to 2.1%, from 1.7% in January, due to better-than-expected performances from major currencies. This was revealed in the Washington-based body’s half-yearly update yesterday. Looking ahead, the World Bank sliced a...
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by Charles Purdy | Jun 7, 2023
It’s been a strong but steady week for the pound so far, holding onto the gains it made against the euro last Wednesday and about 3% above where it has spent most of 2023. A quick note, first, that we are holding a webinar on Thursday afternoon, that anyone with a...
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by Christopher Nye | Jun 6, 2023
The ISM Services PMI fell to 50.3 in May from 51.9 in April, marking slow growth in the services sector. Despite the slow growth, yesterday’s data pointed to the fifth consecutive month of growth in the services sector. The data had a disappointing impact on markets...
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