by Charles Purdy | Jan 18, 2023
Sterling strengthened by around 1% yesterday against both the euro and US dollar, following positive news on jobs and earnings in the UK. While it has largely held onto those gains, a mixed picture for inflation this morning has left the markets in uncertain mode....
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by Charles Purdy | Jan 18, 2023
The pound gained almost 1% against the single currency and the US dollar yesterday following strong UK employment data which indicated that the number of people working in the UK grew by 27,000 in the three months to November. This was well above market forecasts of a...
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by Julian Benson | Jan 18, 2023
Yesterday markets heard HMRC payrolls change rose by 28,000 employees, or 0.1% to a record 29.9m in December 2022. It is believed this rise in employed individuals was boosted by the health and social work sector. Claimant count change data tells us the number of...
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by Julian Benson | Jan 18, 2023
At 11am this morning, the annual inflation rate for the euro area 2022 is expected to fall to 9.2% in December, from 10.1% in November. Energy prices rose at a much slower rate (25.7 vs 34.9) despite costs rising for tobacco, food and alcohol. EUR/GBP: the past year 1...
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by Julian Benson | Jan 18, 2023
Yesterday US economists heard the NY Empire State manufacturing index sank to -32.9 in January 2023, from -11.2 in December last year. This reading pointed to the fifth worst contraction in business activity ever recorded in New York state. It was also well below...
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