by Charles Purdy | Mar 31, 2023
March has been positive for sterling, rising against almost all of its major rivals including a gain of around 3-4% on the US and Australian dollars and Norwegian krone, but relatively unchanged against the euro. That was the pattern for yesterday’s movements too....
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by Christopher Nye | Mar 30, 2023
Pending home sales, a leading indicator of economic health in the US, rose 0.8% month-over-month in February. This came after an 8.1% jump in January 2023 and marks the highest level seen since August 2022. Recent figures also beat market forecasts of a 2.3% fall....
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by Christopher Nye | Mar 30, 2023
This morning, data from the National Statistics Institute revealed that Spain’s annual inflation eased from the month before. The preliminary reading fell to 3.3% in March which was the lowest rate since August 2021. It also came in below market expectations of...
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by Christopher Nye | Mar 30, 2023
While giving evidence to the Treasury Select Committee, chancellor Jeremy hunt said the Bank of England has not ruled out a big fuel duty hike next year. He iterated the treasury “cannot afford to make that change permanent.” We can expect to hear more on the topic in...
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by Christopher Nye | Mar 30, 2023
Market-watchers will have lots on their plate, with several economic data releases scheduled in over the course of today. We’ve just seen the latest annual retail sales data from Spain which edged down by 4% in February, from a near two-year high of 5.5% rise in the...
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