by Christopher Nye | Jan 10, 2023
The Bank of England’s chief economist, Huw Pill gave a hawkish speech at the Money Market Association of New York University on Monday. Pill touched on many of the factors influencing the Bank’s monetary policy outlook, including the economic impact of the Covid-19...
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by Christopher Nye | Jan 10, 2023
After its boost against both the euro and dollar on Monday, sterling relinquished gains made against the euro towards the end of the business day. Against the dollar however, the pound has maintained yesterday’s gains and is still stronger than the greenback following...
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by Christopher Nye | Jan 9, 2023
The big release on all dollar watchers’ radars this week will be the latest inflation rate, issued by the U.S. Bureau of Labor Statistics on Thursday. US inflation is forecast to slow again, this time to 6.7% following November’s fall to 7.1%. If markets are correct,...
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by Christopher Nye | Jan 9, 2023
It is a similar story over in the eurozone, where markets are also expecting a variety of key data releases which could impact the single currency this week. At 10am, we will see the latest unemployment rate for the Euro Area which is expected to remain at the record...
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by Christopher Nye | Jan 9, 2023
There are several key data releases scheduled in for this week that could sway the pound against its rivals. The one to watch will be the UK’s GDP, issued by the Office for National Statistics on Friday. In the previous release, market participants saw better than...
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