by Charles Purdy | Aug 18, 2023
Even with the 0.25% drop this morning following retail sales data, GBP/EUR is still well over 1% up on the week and not far from its highest level for a year. While not quite at those heights against the US dollar, sterling remains slightly ahead of a generally...
read more
by Charles Purdy | Aug 18, 2023
Sterling has a strongly positive day yesterday, climbing close to its highest position against the euro since last August. The gains were on the back of Wednesday’s inflation data that showed a good enough fall – from 7.9% to 6.8% – that the government felt able to...
read more
by Julian Benson | Aug 17, 2023
In the US, there was a 6.7% jump in single-family housing starts, driving the overall housing starts to rise 3.9% month-over-month in July to a seasonally annualised rate of 1.452 million, above market expectations of 1.448 million. For more on currencies and currency...
read more
by Julian Benson | Aug 17, 2023
Following news that UK inflation fell in July, the euro stumbled despite investor suggestions that another rate hike from the Bank of England may be in store. As for the European Central Bank, the next interest rate decision is a month away and economists have locked...
read more
by Julian Benson | Aug 17, 2023
UK house prices rose just 1.7% in the 12 months to June 2023, down from a revised 1.8% in May during a time of high inflation and soaring mortgage rates. On the other hand, the measure of private rents rose 5.3% in the 12 months to July, the biggest increase since...
read more
