by Charles Purdy | May 3, 2023
The long uncertain period for sterling has continued into another month, with small but choppy changes against the euro, but all within a narrow band. Could there be a change in the weather coming? Against the US dollar the sun has certainly come out for the pound,...
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by Julian Benson | May 3, 2023
Wall Street stocks struggled for traction yesterday as investors remained cautious ahead of an expected interest rate rise from the Federal Reserve later today. The Dow lost more than 100 points while S&P 500 and Nasdaq 100 declined 0.4 and 0.1% respectively. It...
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by Julian Benson | May 3, 2023
Yesterday the consumer price inflation rate for the Euro zone increased slightly to 7.0% in April, from 6.9% in March (a 13-month low). Tomorrow, the European Central Bank’s policymakers will reveal the latest interest rate decision. Markets expect a rise of 25...
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by Julian Benson | May 3, 2023
Following yesterday’s Nationwide housing index data which revealed a 2.7% annual fall, there were tentative signs of a recovery as prices rose 0.5% in April. The average house price rose to £260,441, from £257,122 in March. This monthly increase follows seven months...
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by Julian Benson | May 3, 2023
Major shares across the globe were mostly in the red yesterday as economists digested a flurry of economic data from the US and as the Federal Reserve (Fed) kicked off its two-day policy meeting. On Tuesday, data revealed US job openings fell to 9.6 million in March –...
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