by Christopher Nye | Mar 16, 2023
Building permits in the United States edged 0.1% higher to 1.339 million in January 2023, the previous data showed, sitting close to December’s 31-month low. This was largely due to high inflation and rising borrowing costs continuing to weigh on demand for new...
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by Christopher Nye | Mar 16, 2023
Economists have priced in a 50 basis point rate hike from the ECB today however all eyes will be on the central bank to see exactly what it decides. In its last meeting, policymakers broadly agreed that policy tightening needed to continue to fight inflation, but were...
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by Christopher Nye | Mar 16, 2023
Key data releases for the UK slow down today and resume next week with inflation. In the meantime investors will have plenty to digest following Hunt’s statement and the impact on the pound.
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by Christopher Nye | Mar 16, 2023
Sterling maintains gains made yesterday after surging to a three-month high against the euro in the lead up to, and aftermath of, the chancellor’s Budget. Against the dollar, sterling fell 1% over the course of the day and remains weaker today. In the stock markets,...
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by Christopher Nye | Mar 15, 2023
This morning market-watchers will gain an insight into US consumer spending with the latest retail sales data which will be released at noon. In the previous data release, retail sales in the US unexpectedly rose 3% month-over-month in January. Today those numbers are...
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