by Charles Purdy | Mar 31, 2023
Sterling has strengthened against most major rivals following news that the UK beat recession by a safer margin that previously thought in the second half of 2022. This morning it came close to a 10-month high against the US dollar. There was conflicting price news...
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by Charles Purdy | Mar 31, 2023
March has been positive for sterling, rising against almost all of its major rivals including a gain of around 3-4% on the US and Australian dollars and Norwegian krone, but relatively unchanged against the euro. That was the pattern for yesterday’s movements too....
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by Christopher Nye | Mar 30, 2023
Pending home sales, a leading indicator of economic health in the US, rose 0.8% month-over-month in February. This came after an 8.1% jump in January 2023 and marks the highest level seen since August 2022. Recent figures also beat market forecasts of a 2.3% fall....
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by Christopher Nye | Mar 30, 2023
This morning, data from the National Statistics Institute revealed that Spain’s annual inflation eased from the month before. The preliminary reading fell to 3.3% in March which was the lowest rate since August 2021. It also came in below market expectations of...
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by Christopher Nye | Mar 30, 2023
While giving evidence to the Treasury Select Committee, chancellor Jeremy hunt said the Bank of England has not ruled out a big fuel duty hike next year. He iterated the treasury “cannot afford to make that change permanent.” We can expect to hear more on the topic in...
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