by Julian Benson | Jun 28, 2023
There’s been a lack of market-moving data in the UK this week, so the pound remains largely unchanged from Monday’s open against major rivals. Economists await further comments from the Bank of England surrounding inflation and monetary policy. GBP/USD: the past year...
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by Julian Benson | Jun 28, 2023
In Italy, consumer confidence surpassed market expectations of 105.5 by rising to 108.6 in June 2023 from 105.1 a month prior. Sentiment vastly improved for the current macroeconomic climate and comes despite growing concerns over ECB rate...
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by Julian Benson | Jun 28, 2023
The tech sector helped key US stocks the S&P 500 and the Nasdaq gain 0.3% and 0.5% respectively yesterday as Citigroup raised its price target on Meta to $360 per share – the highest on Wall Street. This resulted in Meta Platform shares gaining 1% and Tesla rising...
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by Julian Benson | Jun 28, 2023
UK chancellor Jeremy Hunt and Brussels’ financial services commissioner, Mairead McGuinness, signed a Memorandum of Understanding on financial services yesterday outlining plans for UK/EU cooperation. Hunt said it was “an important turning point” that would help...
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by Julian Benson | Jun 27, 2023
May figures for US-manufactured durable goods are due to be released later today and markets expect a decline to -0.9%. This comes after a rise of 1.1% rise in April and an upwardly revised growth of 3.3% in March. For more on currencies and currency risk management...
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