by Christopher Nye | Apr 27, 2023
Today is the calm before the storm on the data front, as economists brace for several high-impact data releases over the course of Friday. The main event for US markets today will be GDP at 1:30pm UK time. US economic releases will dominate markets this afternoon,...
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by Julian Benson | Apr 26, 2023
The US property market received a positive boost yesterday as sales of new single-family homes jumped 9.3% moth-over-month to a seasonally adjusted rate of 683k in March 2023. Despite this, US house price growth edged up 0.4% year-on-year in February 2023 – the...
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by Julian Benson | Apr 26, 2023
Tomorrow morning, euro-watchers will receive the latest reading for economic sentiment in the euro area. The indicator fell to 99.3 in March 2023, from a revised 99.6 in February. Economists forecast an increase to 99.8 in April, reflecting a slightly more optimistic...
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by Julian Benson | Apr 26, 2023
Despite a week of ups and downs against the US dollar, sterling approaches midweek in a similar position as this time last week. However, compared to this time last month, sterling is trading approximately 1.75% higher – mostly fuelled by weak US data in early April...
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by Julian Benson | Apr 26, 2023
UK business optimism outperformed market forecasts of -15 yesterday, coming in at -2 for quarter 2 of 2023. This is the most optimistic reading since the final quarter of 2021. Yesterday we heard producer prices in Spain fell 1% – the first decline since 2020 –...
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