by Charles Purdy | Jan 16, 2023
Sterling starts the week down among the weeds against the euro, close to its lowest for two years. This comes despite the better-than-expected GDP result for November on Friday, which revealed that the UK may not have been in recession in 2022 after all. That sort of...
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by Christopher Nye | Jan 16, 2023
The dollar enters the week on a shaky footing, having lost its weekly gains against both sterling and the euro. It also weakened across the board, with the dollar index hitting its lowest levels in over seven months this morning. US dollar had its most pronounced...
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by Christopher Nye | Jan 16, 2023
It is a similar story for the eurozone, who will also be releasing its latest inflation rate on Wednesday. Preliminary estimates revealed that price pressures in the Euro Area eased more than expected, with the annual rate hitting a four-month low. Inflation fell to...
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by Christopher Nye | Jan 16, 2023
Market participants are poised for the latest inflation data which will be released on Wednesday. In the previous data, the annual inflation rate eased to 10.7%, from 11.1% in October, but remained at its highest level in over four decades – since October 1981....
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by Christopher Nye | Jan 16, 2023
Sterling relinquished its weekly euro gains, starting on a weaker footing against the single currency. Against the dollar however, sterling finds new strength, climbing by almost 0.7% against the greenback compared to this time last week. On the data front, there are...
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