by Charles Purdy | May 19, 2023
Sterling hit another 2023 high against the euro yesterday, ending the day 1.75% up on the month and 0.5% up on last Friday. This was in marked contrast to its losses against the US dollar which amounted to around 1% on the week. So far this morning there has been...
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by Christopher Nye | May 18, 2023
US markets are expecting the number of Americans filing for unemployment benefits to rise again – but this time from 264,000 to 270,000 in this afternoon’s data release. This comes after initial jobless claims figures rose to their highest levels since October 2021 in...
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by Christopher Nye | May 18, 2023
We’ve seen lots of interesting data from Germany this week, and tomorrow this concludes with the country’s monthly producer price inflation (PPI). In March, monthly PPI in Germany decreased to -2.60 per cent, from -0.30 per cent in February. Economists will see the...
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by Christopher Nye | May 18, 2023
The Bank of England’s (BoE) governor, Andrew Bailey, spoke more optimistically about the UK’s economic outlook yesterday, at the British Chambers of Commerce Global Annual Conference, in London. Bailey mentioned that after expecting a shallow, long recession in...
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by Christopher Nye | May 18, 2023
Sterling enters the day strong against a couple of its rival currencies. The pound is up on a weekly footing against the Australian dollar and Japanese yen by over half a per cent, and over one and a half per cent, respectively. Against the euro, sterling maintains...
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