by Christopher Nye | May 23, 2023
Sterling enters the day on a mixed footing against the euro and US dollar. Compared to this time last week, GBP/EUR remains somewhat unchanged but on a monthly comparison, sterling has strengthened by over two and a half per cent. Against the US dollar however, the...
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by Christopher Nye | May 23, 2023
This morning’s UK public sector net borrowing data revealed that net borrowing (excluding banks) rose to £25.6bn in April 2023, up from £13.7bn a year before. This was well above market expectations of £18.7bn and marked the second-highest April borrowing...
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by Christopher Nye | May 22, 2023
Monthly durable goods orders are one of several US key releases scheduled for release this Friday. The previous data revealed that, new orders for US manufactured durable goods rose by just over 3 per cent, recovering from a revised 1.2 per cent decline in February....
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by Christopher Nye | May 22, 2023
In the last data release, the indicator hit its sixth consecutive period of increase, rising by 0.4 points from a month earlier to 93.6, in April 2023. This week, Germany’s Ifo business climate indicator is expected to dip slightly to...
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by Christopher Nye | May 22, 2023
Yearly inflation in the UK is expected to ease again in this Wednesday’s data release by the Office for National Statistics. Markets expect annual inflation to ease from 10.1 per cent to 8.5.
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