by Charles Purdy | May 12, 2023
Sterling has reached the end of the week slightly up on the start of the week, having attained its strongest position against the euro for four months early yesterday. While those gains were pared back in the afternoon session, GBP/EUR has settled at almost 1% up on...
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by Charles Purdy | May 12, 2023
Following a positive morning the pound sank yesterday afternoon, despite the Bank of England both raising interest rates for the twelfth time in a row, and upgrading its growth forecast by the largest amount in the Monetary Policy Committee’s 26-year history. Sterling...
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by Charles Purdy | May 11, 2023
Month-on-month inflation rose 0.4% in April, which was much higher than March’s 0.1% but was in line with the consensus. The same was true for the yearly core inflation rate (which excludes food and energy) yesterday. The rate edged down from 5.6 to 5.5 as expected....
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by Charles Purdy | May 11, 2023
Both the benchmark Stoxx 600 and the German DAX were down 0.3% each in afternoon trading on Wednesday. Financials were also down, nearly 1%, with banks falling by just over half a percent. This came as investors mulled over the latest US inflation data. This morning...
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by Charles Purdy | May 11, 2023
With the UK’s annual inflation rate hitting just over five times the Bank of England’s (BoE’s) target, 10.1%, in March, all eyes will be on the BoE this afternoon for its latest interest rate decision. The BoE is expected to raise the bank rate by 25...
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