GBP: UK to avoid a recession

by | May 24, 2023

Yesterday the International Monetary Fund (IMF) reported it no longer expects the UK economy to fall into a recession this year. In updated forecasts, the IMF estimates the economy to grow by 0.4% in 2023, rather than shrink by 0.3% as April forecasts...


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UK inflation slows to 13-month low

by | May 24, 2023

This morning, consumer price inflation in the UK fell to 8.7% year-on-year in April, the lowest since March 2022. This was fuelled by a sharp slowdown in electricity and gas prices. The inflation rate exceeded market expectations of 8.5% but remains well above the...


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Inflation data boosts pound to 2023 high

by | May 24, 2023

The pound surged this morning following data showing that while the headline rate of inflation has fallen to 8.7%, the underlying trend is still nowhere near where the Bank of England needs it to be for their forecast of 8.4%. That means interest rate rises may have...


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USD: Fed’s Waller to speak

by | May 23, 2023

Member of the Federal Reserve’s (Fed) Board of Governors, Christopher J Wallis, is due to deliver a speech tomorrow afternoon. Economists all over will be listening out for any hawkish comments, as these could boost the US dollar. Wallis’ speech follows...


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