Data released this morning revealed that UK inflation rose to a 30-year high in January to 5.5%. This exceeded market predictions and was largely driven by housing and utilities. Despite rising expectations for another interest rate hike from…
Read more
›
Inflation is once again in the spotlight after UK consumer prices hit a 30-year high this morning, causing the pound to regain some of its lost strength against the dollar. Annual inflation in January rose by 5.5%, the…
Read more
›
The pound has weakened slightly against the euro but has strengthened against the dollar following UK jobs data. Pay increases lagged behind inflation in the last quarter of 2021, despite record high job vacancies, but unemployment data came…
Read more
›
The pound has weakened slightly against the euro but has strengthened against the dollar this morning. The latest jobs statistics for the UK reveal that wage increases lagged behind rising inflation in the last quarter of 2021.
Read more
›
The dollar has weakened slightly against the pound and the euro this morning but is still benefitting from its safe-haven status amid growing tensions in Eastern Europe. Speaking yesterday, Fed official, James Bullard, again called for faster interest…
Read more
›
The euro has strengthened slightly this morning despite growing tensions between Russia and Ukraine. Later today, data for the German ZEW economic sentiment index will be released which will give an indication of how the eurozone economies are…
Read more
›
The pound starts the week slightly on the back foot after recovering by more than 1% over the course of last week against the euro. Against the US dollar this morning’s decline has been sharp, but limited so…
Read more
›
The dollar strengthened against a basket of currencies towards the end of last week and is still strong this morning.
Read more
›
