by Charles Purdy | Jun 19, 2023
On Friday, markets saw the University of Michigan consumer sentiment for the US rise to 63.9 in June, beating forecasts of 60 and marking the highest level in four months. Figures reflected higher levels of optimism, largely due to the ease in US inflation, plus the...
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by Charles Purdy | Jun 19, 2023
This week euro-watchers will see the latest flash reading for the eurozone’s consumer confidence. In the last data release, consumer confidence in the Euro Area was confirmed at -17.4 in May. This was a new high (since February of...
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by Charles Purdy | Jun 19, 2023
The UK’s yearly and core inflation rates are expected to cool in Wednesday morning’s data releases. The previous data showed that yearly inflation fell to 8.7, its lowest rate since March last year, as gas and electricity prices fell. Pound watchers will be keen to...
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by Christopher Nye | Jun 19, 2023
Sterling enters the week approximately 0.30% stronger against the euro after outpacing the single currency on Friday, as investors anticipated continued tightening in this week’s Bank of England (BoE) decision. The BoE is expected to hike the UK’s interest rate by 25...
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by Julian Benson | Jun 19, 2023
Temperatures in the UK peaked last week, as did the pound-to-euro rate which soared to highs not seen since August 2022. The pound-to-euro rate remains high this morning and is up close to 2% on the month and 0.3% since this time last week. Following last week’s...
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