by Christopher Nye | Dec 23, 2022
Yesterday’s final GDP data triggered the pound to weaken against both the euro and the dollar. The data revealed that the British economy contracted 0.3%, slightly more than the preliminary estimate of a 0.2% drop. One reason for the contraction is the...
read more
by Christopher Nye | Dec 23, 2022
Sterling’s difficult pre-Christmas run continued yesterday, as sterling fell close to its lowest level against the euro since October, and against the US dollar since late November. The losses followed a downward adjustment in the last quarter’s GDP figure from the...
read more
by Christopher Nye | Dec 22, 2022
America’s personal income is predicted to fall lower in tomorrow’s release. Personal income in the US increased 0.7% from a month earlier in October, up from a 0.4% rise in September and above market expectations of a 0.4% gain. This was the strongest...
read more
by Christopher Nye | Dec 22, 2022
This afternoon Italy’s latest producer prices will be revealed in the 10am data release. The previous data showed producer prices in October fell by 3.3%, the sharpest decline on record and swinging from the downwardly revised 2.7% rise in...
read more
by Christopher Nye | Dec 22, 2022
Britain’s annual GDP data was released this morning. The economy grew by 1.9%, pointing to the slowest rate of growth since Q1 and below market predictions of 2.4%. According to the Office for National Statistics, household spending was revised slightly higher...
read more
