by Christopher Nye | Nov 9, 2022
Sterling continues to make choppy gains against the dollar in the lead up to today’s midterm elections. Meanwhile, the UK’s cost of living continues to rise as yet again the figures for grocery price inflation are at a record high. Consumers are currently facing...
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by Christopher Nye | Nov 9, 2022
Markets heard a sobering speech from the UK’s chief economist Huw Pill yesterday. He warned that the Bank of England will be forced to increase interest rates even as the economy enters recession. Pill told Swiss bank, UBS “That’s a difficult trade-off environment for...
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by Christopher Nye | Nov 8, 2022
There are a number of data releases to look out for over the course of this week however the big event markets will be keeping a close eye on today is the US midterm elections. The Democrats are set to face a tough battle in dealing with recent economic headwinds. ...
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by Christopher Nye | Nov 8, 2022
It was a moderately quiet day for eurozone data yesterday, though there aren’t many key releases scheduled in for this week, members of the European Central Bank will continue to give speeches over the course of the week. On Monday markets heard speeches from ECB...
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by Christopher Nye | Nov 8, 2022
The Bank of England’s Huw Pill will spoke at 9am today following the bank’s most recent 75 basis point rate hike. In its November meeting, the Bank warned of more contractions in Britain’s GDP well into 2024 as high energy prices and other factors continue to weigh on...
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