by Julian Benson | May 10, 2023
Yesterday the pound rallied to a fresh five-month high against the euro, however economists have concerns that Thursday’s Bank of England policy decision could pose a problem in terms of a setback for sterling.
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by Julian Benson | May 10, 2023
While it was a quiet day for data releases yesterday, the markets continued to fluctuate. Both the pound and US dollar gained around half a per cent, respectively, against the euro. It’s currently unclear what was the main driver for these gains, but economists will...
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by Charles Purdy | May 9, 2023
Tomorrow, monthly and yearly inflation will be released by the U.S. Bureau of Labor Statistics, with the yearly rate expected to ease gently to 4.9%. In the previous release, core inflation (excluding food and energy) rose gently from a 14-month low of 5.5%, to 5.6%,...
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by Charles Purdy | May 9, 2023
Euro watchers will see the latest inflation data from the fourth-largest economy in the world, Germany, on Wednesday. Final inflation is usually the least impacting of the three, however many will be watching closely as results in line with, or above, forecasts are...
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by Charles Purdy | May 9, 2023
The last of our three major central banks, the Bank of England (BoE), will decide on its interest rate this Thursday. Markets are expecting the BoE to hike rates by 25 basis points (bps) following a 25bps hike to 4.25% in March. All eyes will be on the pound in the...
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