by Julian Benson | May 25, 2023
Following yesterday’s news of slowing UK inflation, the pound surged to its highest level against the euro since December but was unable to maintain said gains. Instead, sterling lost close to 0.5% and 0.34% respectively, against the US dollar and euro amid concerns...
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by Julian Benson | May 25, 2023
Yesterday the UK inflation rate fell to 8.7% in April, from 10.1% in March. This sharp drop is due to slowing energy prices, however food and drink price inflation remains above 19% – close to its 45-year high.
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by Julian Benson | May 25, 2023
This morning, the manufacturing climate indicator in France fell for a third consecutive month to 99 in May from 101 in April. This is the lowest level seen since March 2021.
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by Julian Benson | May 25, 2023
Yesterday, Wall Street opened in the red with no resolution in sight for the ongoing US debt-ceiling deal. The Dow Jones fell nearly 200 points and both the S&P 500 and Nasdaq were down 0.7%. For more on currencies and currency risk management strategies, please...
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by Julian Benson | May 24, 2023
New home sales in the US exceeded market expectations in April, jumping 4.1% month-over-month to a seasonally adjusted rate of 683,000. This is the highest level seen since March last year and exceeded economist expectations of 665,000. For more on currencies and...
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