by Charles Purdy | Jul 7, 2023
A positive start to the day following Andrew Bailey’s comments didn’t continue into the afternoon. However, sterling starts this morning 0.75% up on this time last week and this time last month. One of the more hawkish members of the BoE’s Monetary Policy Committee,...
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by Charles Purdy | Jul 7, 2023
Sterling strengthened yesterday, following comments about inflation and interest rates from Bank of England (BoE) governor Andrew Bailey in a BBC interview. That encouraged the markets to think that UK interest rates could rise as high as 7% by March. However, US jobs...
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by Julian Benson | Jul 6, 2023
The pound gained close to 0.40% against the euro yesterday, possibly in reaction to eurozone producer prices which declined 1.5% year-on-year in May, following a downwardly revised 0.9% increase in April. This marks the first decline in producer prices in two years....
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by Julian Benson | Jul 6, 2023
The US Logistics Manager’s Index fell for the fifth consecutive month, hitting fresh record lows of 45.6 in June. This suggests another contraction within the logistics sector and is believed to be driven by inventory levels, which continued their downward movement....
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by Julian Benson | Jul 6, 2023
The S&P Global France services PMI dropped down to 48 in June 2023 from 52.5 in May, matching flash estimates. In Italy, The HCOB services PMI fell to 52.2 in June from 54 a month prior and compared to estimates of 53. This continues to point to expansions within...
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