by Christopher Nye | Mar 17, 2023
Following a sour open on Thursday, Wall Street recovered with the Dow Jones erasing an over 200-point decline which pushed the stock into positive territory for a moment. This boost is believed to have been influenced by comments made by treasury secretary, Janet...
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by Christopher Nye | Mar 17, 2023
The European Central Bank raised interest rate by 50 bps on Wednesday, meeting economists’ expectations. The rate is currently at 3.5% but remains higher than the ECB’s target rate of 2%. Ahead of the news, the euro gained 0.5% against sterling but has since lost...
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by Christopher Nye | Mar 17, 2023
The pound remains strong against its euro and US dollar rivals despite the widespread impact of the banking turmoil in the US and Eurozone. With little to no economic data to digest before next Wednesday, many now look ahead to next week for the country’s...
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by Christopher Nye | Mar 17, 2023
Economists have had a busy week with lots of interesting data and economic news to digest. Sterling ends the week stronger than the euro and US dollar compared to this time last Friday, with gains of approximately 1.10% and 1.73% respectively. While the euro gained...
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by Christopher Nye | Mar 16, 2023
Building permits in the United States edged 0.1% higher to 1.339 million in January 2023, the previous data showed, sitting close to December’s 31-month low. This was largely due to high inflation and rising borrowing costs continuing to weigh on demand for new...
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