by Charles Purdy | May 5, 2023
A frantic week for data and monetary policymaking reaches its final day with the pound almost 1% up on this time last week against the euro and US dollar. That takes sterling to its strongest against the US dollar for 11 months and getting close to its strongest...
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by Christopher Nye | May 4, 2023
At 7pm yesterday, the US Federal Reserve hiked America’s interest rate by 25 basis points, to 5.25%. The decision was in line with what markets had already priced in and marked the Fed’s tenth increase, pushing borrowing costs to their highest level in...
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by Christopher Nye | May 4, 2023
The latest unemployment rate for the eurozone hit its lowest levels since records began nearly 30 years ago. Wednesday’s data revealed that the number of unemployed people in the eurozone fell by 121,000 from a month earlier to 11.010...
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by Christopher Nye | May 4, 2023
The Bank of England is set to release mortgage lending and mortgage approvals data at 9:30 this morning. In the previous data release, mortgage approvals for house purchases in the UK increased to 43,500 in February 2023. Despite increasing, this still pointed to the...
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by Christopher Nye | May 4, 2023
Sterling enters the day stronger against the euro and US dollar compared to yesterday. The pound has also made gains of well over half a percent against both rivals, respectively, compared to this time last week. This morning is a busy one for UK data with a variety...
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