Sterling gained ground yesterday after the wages and PMI data but has reversed this morning following the inflation figure. This was the final part of the economic data jigsaw as the BoE’s Monetary Policy Committee goes into conclave…
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Those years of high interest rates seem finally to be having an effect, as inflation has just been revealed to have come crashing down to 3.2% annually, much lower than expected and with many prices falling last month.…
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American markets will wake to a bumper crop of jobs data this morning – or half past one UK time. Unemployment is expected to have hit a four-year high last month, while retail sales and two separate sets…
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While trading was slow on Monday, the euro still had the best of things compared to its main rivals. The single currency ended Tuesday near its best in two weeks against the pound and at its best in…
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Sterling traded in a narrow range against the euro and the US dollar on Monday. Caution was the name of the game for most and the pound is sure to be volatile ahead of tomorrow’s inflation data and…
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The United Kingdom’s unemployment rate increased slightly from 5% to 5.1% in October. While in line with forecasts, that took the headline rate of joblessness to its highest level in over four years and close to the peak…
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The pound begins Monday at a two-week low against the euro after weakening by roughly half a cent on Friday. Part of that was a reaction to economic fragility (the UK economy shrank by 0.1% in October), but…
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The big talking point for the US dollar has been the labour market. Unemployment hit a four-year high in September and is projected to have surged higher still in October. With a busy schedule of data tomorrow afternoon,…
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