by Julian Benson | Mar 14, 2023
According to the Federal Reserve Bank of New York, US consumer inflation expectations for the year ahead fell sharply to 4.2% in February of 2023. This marked the lowest levels since May 2021. For more on currencies and currency risk management strategies, please get...
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by Julian Benson | Mar 14, 2023
The rate of unemployment in the UK remained largely unchanged compared to the previous quarter. The rate was also below market consensus (of 3.8%). In detail, the number of unemployed people rose by 5,000 to 1.25m while employment levels rose by 65,000 to 32.84m...
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by Julian Benson | Mar 14, 2023
Yesterday, the UK arm of Silicon Valley Bank (SVB UK), was bought by British multinational banking and financial services organisation, HSBC. SVB, which has a balance sheet of £8.8bn, was bought for only £1 following its collapse. HSBC group chief executive, Noel...
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by Julian Benson | Mar 13, 2023
The pound made new gains against the euro and US dollar on Friday following the UK’s better-than-expected GDP data and a mixed US jobs report. As of this morning, the pound is currently up 2.5% against the greenback since Friday morning, its biggest jump against the...
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by Julian Benson | Mar 13, 2023
Friday morning gave the pound the boost it needed after GDP stats revealed that the British economy gained 0.3% in January 2023.This comes after a 0.5% contraction in December and beating forecasts of a 0.1% rise. Sterling has maintained those gains this morning and...
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