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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by Christopher Nye | Jun 21, 2023
Today is pretty quiet on the eurozone data front however, investors can look forward to the latest consumer confidence (flash reading) tomorrow. The previous reading showed consumer sentiment in the European Union rose to -17.4 in May, hitting highs not seen since...
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by Christopher Nye | Jun 21, 2023
As we progress through the penultimate week of the month, sterling boasts gains of around 1.66% on a monthly footing against the euro as investors chow down on the latest inflation data and anticipate the BoE’s big interest rate decision. Against the dollar, the pound...
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by Christopher Nye | Jun 21, 2023
We’ve just seen yearly, monthly and core inflation rates for the UK. All were expected to fall however, economists’ predictions have been shattered this morning, with yearly inflation holding steady at 8.7% in May, unchanged from last month’s 13-month low....
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