by Charles Purdy | May 17, 2023
Sterling had looked to be on an upward trajectory over the past month, on Monday coming close to its strongest level, again, since the start of the year. However over the past 24 hours or so it has drifted against the euro and US dollar. As pointed out by a number of...
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by Julian Benson | May 16, 2023
In the previous data release, US retail sales fell, over half a per cent month-over-month, marking the second consecutive month of decline. Today, markets expect the figures to make a complete U-turn, with a predicted rise of 0.7%. If America’s retail sales figures...
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by Julian Benson | May 16, 2023
President of the European Central Bank (ECB), Christine Lagarde, will deliver two speeches before the end of the week. Euro watchers will be listening closely to her speech on Friday, titled ‘Post-pandemic challenges: high inflation, high indebtedness and financial...
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by Julian Benson | May 16, 2023
Bank of England governor, Andrew Bailey, is due to deliver a speech at the British Chambers of Commerce Global Annual Conference in London tomorrow. The speech comes after the BoE made its twelfth consecutive interest rate increase last week — by 25bps to 4.5%. Many...
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by Julian Benson | May 16, 2023
Economists have lots of fresh labour market data to absorb this morning. Markets have just seen the latest unemployment data for the UK. The rate rose slightly, by 0.1 percentage point in March, to 3.9 per cent, surpassing market expectations of a 3.8 per cent rise....
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