by Julian Benson | Jan 11, 2023
Yesterday we heard retail sales in the UK rose to 6.5% in December 2022, markedly above expectations of 2.5% and up from 4.1% in November 2022. While the change was unexpected, the pound did not react and remains steady against the euro and US dollar. Helen Dickinson,...
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by Charles Purdy | Jan 11, 2023
Yesterday the UK Jobs report from S&P Global revealed employers have an uncertain outlook for 2023 which could add strain to the hiring market as employers continue to tread carefully. Commenting on the results which disclosed a decline in permanent placements and...
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by Christopher Nye | Jan 10, 2023
On Friday, the dollar index, which measures the US dollar against six major currencies, fell by 1.15% investors moved into riskier assets. Fears continue into this week as today, the dollar remains weak against both sterling and the euro, largely due to fears that the...
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by Christopher Nye | Jan 10, 2023
EUR/USD rose on Monday following the latest eurozone unemployment data. The latest data revealed the seasonally-adjusted unemployment rate stood at 6.5% in November, unchanged from October’s all-time low as markets expected. Overall, the number of unemployed people in...
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by Christopher Nye | Jan 10, 2023
The Bank of England’s chief economist, Huw Pill gave a hawkish speech at the Money Market Association of New York University on Monday. Pill touched on many of the factors influencing the Bank’s monetary policy outlook, including the economic impact of the Covid-19...
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