by Christopher Nye | Apr 19, 2023
We’ve just seen the latest annual inflation rate for the UK fall to 10.1% in March, from 10.4% the month before. Despite cooling, the rate remains above 10% for a seventh consecutive period and is still just over five times the Bank of England’s 2% target....
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by Christopher Nye | Apr 19, 2023
Since yesterday, sterling has strengthened against the majority of G10 currencies, including the euro and US dollar, but on a weekly footing sterling enters the day with mixed results — still weaker against the euro and Canadian dollar. This comes after investors...
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by Charles Purdy | Apr 19, 2023
Sterling has leapt upwards this morning following the UK inflation announcement this morning. Inflation rose by 10.1% in the year to March 2023, including 19.1% for food and non-alcoholic drink, which is an acceleration from last month. ‘Core inflation’, with food and...
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by Charles Purdy | Apr 18, 2023
The dollar strengthened yesterday as the belief has risen that the Federal Reserve (the Fed) will not feel the need to rein in its monetary tightening despite ructions in the US banking system. The collapse of Silicon Valley Bank has not spread to the wider banking...
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by Charles Purdy | Apr 18, 2023
The single currency lost almost across the board yesterday, by up to 1% against most major currencies. With little economic data yesterday, the biggest story was ECB president Christine Lagarde’s speech, warning of the potentially dire economic consequences of trade...
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