by Charles Purdy | Dec 2, 2022
Sterling is approaching the end of the week some 1.5% up on the US dollar compared to the start of the week. Although the swing for GBP/EUR over the past few days has also been close to 1.5% it currently sits where it ended last week. It’s been a quiet week for data...
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by Charles Purdy | Dec 2, 2022
It’s been a week where good news has broken out all over, boosting sterling to its strongest point against the USA dollar since early summer and against the euro since late summer. The positive economic news hasn’t necessarily been from the UK. Inflation is below...
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by Julian Benson | Dec 1, 2022
Employment rate in the US increased by 127,000 jobs in the last month, which is the lowest increase since January 2021. This suggests labour demand is low. Yesterday evening, markets heard from Federal Reserve chair Jerome Powell who announced that the reserve may...
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by Julian Benson | Dec 1, 2022
Yesterday markets heard eurozone inflation was 10% in November, down from 10.6% in October. This is the first decline markets have seen in 17 months and is expected to be fuelled by soaring energy costs. Markets heard inflation rates from Italy yesterday which reached...
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by Julian Benson | Dec 1, 2022
This morning markets heard UK house prices have fallen 1.4% in November – the fasted pace since June 2020. This drop may come as rising borrowing costs influence buyers’ sentiments. Later this morning we will hear the S&P Global/CIPS Manufacturing PMI for November...
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