by Julian Benson | May 24, 2023
Yesterday markets heard the HCOB Eurozone Composite PMI fell to 53.3 in May from 54.1 in April. This represents the lowest reading in three months but a fifth consecutive month of expansion in private sector activity.
read more
by Julian Benson | May 24, 2023
Yesterday the International Monetary Fund (IMF) reported it no longer expects the UK economy to fall into a recession this year. In updated forecasts, the IMF estimates the economy to grow by 0.4% in 2023, rather than shrink by 0.3% as April forecasts...
read more
by Julian Benson | May 24, 2023
This morning, consumer price inflation in the UK fell to 8.7% year-on-year in April, the lowest since March 2022. This was fuelled by a sharp slowdown in electricity and gas prices. The inflation rate exceeded market expectations of 8.5% but remains well above the...
read more
by Charles Purdy | May 24, 2023
The pound surged this morning following data showing that while the headline rate of inflation has fallen to 8.7%, the underlying trend is still nowhere near where the Bank of England needs it to be for their forecast of 8.4%. That means interest rate rises may have...
read more
by Christopher Nye | May 23, 2023
Member of the Federal Reserve’s (Fed) Board of Governors, Christopher J Wallis, is due to deliver a speech tomorrow afternoon. Economists all over will be listening out for any hawkish comments, as these could boost the US dollar. Wallis’ speech follows...
read more
