by Julian Benson | Jul 19, 2023
Following a better-than-expected inflation reading, the Bank of England won’t be required to hike interest rates as aggressively as previously expected on August 3rd.
read more
by Julian Benson | Jul 19, 2023
This morning the annual inflation rate in the UK dropped to 7.9% in June from 8.3% in May. This is the lowest level since March 2022 and slightly below expectations of 8.2%. The pound promptly lost 0.5% against the euro and is currently 1.7% lower than this time last...
read more
by Charles Purdy | Jul 18, 2023
A mixed day for the US dollar yesterday saw no great movement against the pound and euro, but strengthened by close to 0.5% against the Chinese yuan. While there was no significant data yesterday from the US, later today we will hear retail sales, which are expected...
read more
by Charles Purdy | Jul 18, 2023
The euro had a positive day, despite a dearth of market-moving data. Italian inflation has fallen significantly, to 6.4%, but remains well above the eurozone average of 5.5%. There is little data today, but a final result for eurozone inflation tomorrow. Of more worry...
read more
by Charles Purdy | Jul 18, 2023
Sterling has begun to drift against most major rivals. Although holding on to some of the gains of last week, at least against USD, it has failed to build on the strength given it by the UK’s worse performance on combatting inflation. Tomorrow will be all about the...
read more
