by Julian Benson | Mar 29, 2023
Blue-chip The Dow was trading around the flatline yesterday morning, while other key stocks The S&P 500 and Nasdaq 100 were down 0.3% and 0.6% respectively. These struggles may be due to investors’ cautions about the health of the US economy in the wake of a...
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by Julian Benson | Mar 29, 2023
Yesterday we heard that consumer confidence in Italy rose to 105.1 in March 2023. This is the highest since February 2022 and considerably higher than market expectations of 104. Economists suspect this is due to impacts of the Ukraine war...
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by Julian Benson | Mar 29, 2023
The US dollar has undoubtedly struggled this month as a result of the banking turmoil from Silicon Valley Bank, but this has seen the pound outperforming the US dollar as sentiment towards the UK improves. The GBP/USD rate is currently trading 2.1% higher than it was...
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by Julian Benson | Mar 29, 2023
Sterling gained close to 0.5% against the US dollar yesterday after Andrew Bailey, governor of the Bank of England reported the central bank is on “heightened” alert for further turmoil in the banking sector. In a speech with MPs yesterday, Bailey ensured the Bank...
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by Charles Purdy | Mar 28, 2023
The dollar weakened against almost all-comers yesterday, with a consistent 0.75% loss against the pound, euro, Canadian and Australian dollars since yesterday morning. There was no real data yesterday and only lower level stuff today. However, it does include house...
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