by Charles Purdy | Jun 2, 2023
Despite a spectacular loss yesterday morning, the euro actually ended the day up on sterling yesterday, as well as markedly up on the US dollar – close to 1%. Yesterday’s data including some pretty dire manufacturing PMI results, with purchasing managers in the...
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by Charles Purdy | Jun 2, 2023
The pound’s roughly 1.3% surge against the euro this week takes it to more than 2.5% stronger. It is all predicated on inflation data showing that the Bank of England must continue raising interest rates to beat inflation while the ECB can ease off. The same scenario...
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by Charles Purdy | Jun 2, 2023
Sterling continued to break new records for 2023 against the euro yesterday, although it ended the day unchanged overall. Against the US dollar it managed to hold onto its gains and ended the day close to 1% up. The driver of sterling versus the euro and dollar has...
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by Christopher Nye | Jun 1, 2023
Yesterday afternoon economists saw the number of job vacancies in the United States unexpectedly jump by 358,000, hitting 10.1 million in April 2023. This was a rebound from the previous month’s near two-year low and pointed towards a persistently tight labour...
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by Christopher Nye | Jun 1, 2023
The European Central Bank’s president, Christine Lagarde, is scheduled to deliver a speech this morning. Lagarde’s speech will follow the eurozone’s latest inflation rate — so many will be listening closely for any hawkish comments or hints on...
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