It was a sea of green for the single currency yesterday despite downgrades almost across the board for PMI. Will that survive the inflation and unemployment numbers this morning though? Pessimistic business leaders would suggest a rise in…
Read more
›
The chancellor made it through Monday without any more wheels falling off the Budget and the markets responded with a generally positive day for sterling. Coming up tomorrow we have the UK’s final Services PMI result.
Read more
›
The week started off with a steep dive for sterling against the euro. But just when you might have worried that it was a start of the great Budget unravelling, GBP recovered most of those losses.
Read more
›
The pound remains around 1% stronger against the US dollar compared to this time last week and 0.25% up on the euro. We’ve got some interesting price data tomorrow including the British Retail Consortium (BRC) shop inflation level and…
Read more
›
After strengthening after the Budget and staying strong for the rest of the week, things have started to look a little shaky for sterling – not unlike reaction to the Budget itself. While the chancellor is defending herself…
Read more
›
November was reasonably kind to the single currency, despite a slip in the past week. Inflation results are continuing to come out, with only Spain’s 3% looking significantly above the 2% target. We’ll get the overall eurozone inflation…
Read more
›
Prior to the long Thanksgiving weekend the dollar was losing out to all of its major pairs, following the growing expectation that the Federal Reserve will soon have a more doveish chair. Coming up today we have ISM…
Read more
›
After strengthening after the Budget and staying strong for the rest of the week, things have started to look a little shaky for sterling – not unlike reaction to the Budget itself. While the chancellor is defending herself…
Read more
›
