by Julian Benson | Dec 14, 2022
The euro profited from a lower US dollar yesterday, trading at its strongest rate since mid-June this year. The European Central Bank is expected to deliver an interest rate hike to 2.5% on Thursday. EUR/GBP: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Dec 14, 2022
This morning UK markets heard Inflation came in below market forecasts at 10.7% in November, from 11.1% in October – the highest reading in 41 years. After a marginal increase yesterday following UK unemployment data release, the pound is now trading almost 2% higher...
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by Julian Benson | Dec 14, 2022
This morning the UK’s annual inflation rate came in at 10.7%, a drop from 11.1% recorded in the year to October. It is slightly below the level predicted and this could have an influence on the Bank of England’s interest rate decision on Thursday. The main reason for...
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by Christopher Nye | Dec 13, 2022
Yesterday the New York Federal Reserve released its surveyed results on inflation. The results are overall positive but still elevated. The survey revealed that the expected inflation in the year ahead will fall to 5.2% from October’s 5.9%. They also showed...
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by Christopher Nye | Dec 13, 2022
As well as the ECB’s interest rate decision this week, eurozone markets will also find out the latest S&P Global/BME Germany Manufacturing PMI this week. The data will be released on Friday and is expected to fall gently from 46.2 to 45.9. This points to another...
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