by Julian Benson | Dec 7, 2022
The US Logistics Manager’s Index fell to 53.6 in November from 57.5 the month before. This is the second lowest reading on record, the lowest being from April 2020. The slowdown in growth is believed to be due to the quick movement of goods as holiday spending...
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by Julian Benson | Dec 7, 2022
Yesterday the euro saw gains against the US dollar but it may have lost momentum. Markets await GDP growth and employment stats in the euro area which are due to be released this morning. The European Central Bank has two scheduled speeches this afternoon, where...
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by Julian Benson | Dec 7, 2022
This morning markets heard UK house prices recorded their biggest falls since October 2008. The monthly index came in at -2.3%, considerably lower than the forecasted -0.1%. This marks the third consecutive month of declines. Halifax and The Bank of Scotland reported...
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by Julian Benson | Dec 7, 2022
The pound and euro have maintained gains against the US dollar. Both currencies are currently trading considerably higher against the dollar when compared to this time last month. This could have been influenced by pressure on Wall Street yesterday as key stocks The...
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by Charles Purdy | Dec 6, 2022
The dollar rallied against other major currencies as the business day came to a close yesterday. This was due to the latest ISM services figures beating market expectations. America’s latest Producer Price Index is forecast to rise gently to 0.3% in...
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