by Christopher Nye | Jun 22, 2023
Fed chair, Jerome Powell gave one of two testimonies scheduled for this week yesterday, striking a hawkish tone. Powell warned that the central bank “will continue to make decisions meeting by meeting, based on the totality of incoming data and their implications for...
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by Christopher Nye | Jun 22, 2023
The euro enters the day stronger against the US dollar despite another quiet day on the economic data front. The single currency boasts dollar gains of approximately 1.55% since this time last week, and is also stronger than it was yesterday. Many will be keeping a...
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by Christopher Nye | Jun 22, 2023
With today’s key releases from the Bank of England dominating the calendar for the UK, pound watchers will have plenty to mull over ahead of tomorrow’s economic data. On Friday, we’ll see the latest Gfk consumer confidence and retail sales data. Plus, the S&P...
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by Christopher Nye | Jun 22, 2023
Sterling enters interest rate decision day weaker than its rival euro, with daily and weekly losses of around -0.76% and -0.74%, respectively. The pound appears stable this morning but the market remains volatile as investors anticipate the Bank of England’s (BoE)...
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by Christopher Nye | Jun 21, 2023
Preliminary estimates for United States building permits were released by the U.S. Census Bureau yesterday. The data revealed US building permits rose by 5.2% to a seasonally adjusted rate of 1.491 million in May. The rise follows two consecutive months of falling...
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