by Julian Benson | Mar 13, 2023
Friday morning gave the pound the boost it needed after GDP stats revealed that the British economy gained 0.3% in January 2023.This comes after a 0.5% contraction in December and beating forecasts of a 0.1% rise. Sterling has maintained those gains this morning and...
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by Julian Benson | Mar 13, 2023
European shares cut some losses to trade 1% lower on Friday afternoon. These losses were largely from financials. Europe’s banking index fell by more than 4% and Deutsche Bank lost around 7.4%.
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by Julian Benson | Mar 13, 2023
Non-farm payrolls measure the change of people employed in the month prior. On Friday, we heard it increased by 311,000 in February – considerably more than the expected 205,000. The most notable job gains came from the leisure and hospitality industry (105,000)....
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by Charles Purdy | Mar 13, 2023
The pound starts the week where it began last week against the euro but a little stronger against the US dollar. That hardly tells the whole story though, when GBP/USD slipped to four-month lows midweek and GBP/EUR wasn’t far behind, before recovering. The financial...
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by Charles Purdy | Mar 10, 2023
It was all downhill for the US dollar against sterling yesterday as it drifted from midweek’s strong rises in the wake of Jerome Powell’s hawkish testimony to the US Senate. Nevertheless it ended Thursday significantly stronger than many currencies compared to the...
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