by Charles Purdy | Nov 16, 2022
Today’s retail sales report will give markets an insight into sales of retail goods and services for October. In September, retail trade was unchanged and missed market expectations of a 0.2 percent increase. This was mainly due to high inflation and rising...
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by Christopher Nye | Nov 16, 2022
Market watchers saw Germany’s economic outlook improve yesterday in the latest economic sentiment data. The ZEW Indicator of Economic Sentiment rose sharply by 22.5 points to -36.7 in yesterday’s data release, which was the highest since June. It was also above market...
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by Charles Purdy | Nov 16, 2022
Sterling is on standby as the details for tomorrow’s long-awaited Autumn Statement are being finalised. Jeremy Hunt’s proposals are set to include an increase in the national living wage (to £10.40) and a 10.1% rise in pensions (in line with inflation)....
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by Charles Purdy | Nov 16, 2022
Britain’s annual inflation rate rose to the highest it has been since October 1981. The data released by the ONS this morning revealed that inflation jumped to 11.1%, from 10.1% in September. The inflation rate is much higher than markets were expecting (10.7%)....
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by Charles Purdy | Nov 16, 2022
For anyone trying to work out which way the pound or any other currency will go based on data releases, this has been a confusing morning so far. Traditionally, if inflation rises, so does the case for interest rate rises and so, therefore, increases the value of your...
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