by Christopher Nye | Dec 28, 2022
The pound has lost strength against the US dollar and the euro compared to this time last week. This follows a choppy few days against both competing currencies. Shopper tracking agency Springboard reported that this year saw a 50% rise in Boxing Day sales shoppers,...
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by Christopher Nye | Dec 23, 2022
Yesterday, in contrast to the UK figure, America’s quarterly GDP was revised upwards, to growth of 3.2%. Consumer spending was also above expectations, while corporate profits rose by 0.8%, four times better than forecast. The number of Americans filing new claims for...
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by Christopher Nye | Dec 23, 2022
EUR/USD strengthened during the Asian trading hours on Thursday. This was supported by the selling pressure surrounding the US dollar. Meanwhile, in its latest monthly report, Germany’s finance ministry said that it expects Germany’s economic activity to remain...
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by Christopher Nye | Dec 23, 2022
Yesterday’s final GDP data triggered the pound to weaken against both the euro and the dollar. The data revealed that the British economy contracted 0.3%, slightly more than the preliminary estimate of a 0.2% drop. One reason for the contraction is the...
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by Christopher Nye | Dec 23, 2022
Yesterday’s final GDP data triggered the pound to weaken against both the euro and the dollar. The data revealed that the British economy contracted 0.3%, slightly more than the preliminary estimate of a 0.2% drop. One reason for the contraction is the...
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