by Charles Purdy | Jan 20, 2023
A lively week in the currency markets ends with sterling currently some 1% stronger than the start of the week against both the euro and US dollar. It was more, but two disappointing data sets this morning have slightly taken the shine off sterling. While some large...
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by Christopher Nye | Jan 19, 2023
The latest retail sales data from the US Census Bureau revealed that retail sales in the US fell 1.1% month-over-month in December, following an upwardly revised 1% drop in November. This was worse than the 0.8% fall markets had already forecast. The biggest decline...
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by Christopher Nye | Jan 19, 2023
While the pound rallied against the euro yesterday, the euro climbed to its highest level against the US dollar in nine months. This followed increased speculation on a more dovish pivot from the Federal Reserve, in comparison to the ECB. Between now and Friday there...
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by Christopher Nye | Jan 19, 2023
Markets saw the latest inflation data yesterday, which revealed the UK’s annual rate fell to 10.5% in December, in line with forecasts. The fall marks the second consecutive month of eased inflation and is the lowest rate the UK has seen in three months, after...
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by Christopher Nye | Jan 19, 2023
Sterling surged against the euro yesterday and has maintained those gains this morning following a more ‘dovish’ stance from the European Central Bank. Tuesday’s strong unemployment data also contributed to the pound’s strength. Against the greenback, the pound also...
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