by Julian Benson | Jul 10, 2023
The pound soared close to 0.9% against the US dollar on Friday as the US unemployment rate fell to 3.6% in June, slightly below expectations of 3.7%. Against the euro, the pound gained close to 0.25% on Friday morning but ended the day largely where it started. The US...
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by Julian Benson | Jul 10, 2023
On Tuesday this week, the UK unemployment rate for May is expected to increase to 3.9% from 3.8% in April. The average earnings index (including bonuses) is expected to have risen 6.8% in May, up from 6.5% in April. Average earnings with bonuses included are expected...
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by Julian Benson | Jul 10, 2023
Late last week economists heard industrial production declined by 0.2% month-over-month in May 2023 to their surprise. This deviated from the market forecasts of a flat reading and followed April’s 0.3% rise.
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by Julian Benson | Jul 10, 2023
Late last week economists heard US stocks plummeted on Friday as the US economy added 209,000 jobs, while the unemployment rate fell back to 3.6% and wage growth was steady. However, traders are 95% sure that July will bring a 25 basis-point hike from the Federal...
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by Charles Purdy | Jul 10, 2023
The pound moved up close to its strongest position for close to a year against the euro last week, before falling away a little. However, it remains well above the five year average and 3 to 4% stronger than in the spring. Why not lock that in with a forward contract?...
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