by Charles Purdy | Jul 13, 2022
The dollar is stronger against the euro and most major currencies ahead of the release of US inflation data, which is expected this afternoon. Inflation is expected to increase slightly in June to 8.8%, whilst core inflation is expected to slow slightly. If these...
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by Charles Purdy | Jul 13, 2022
The euro is weaker against the pound and the dollar this morning. German inflation data was released this morning, coming in at 7.6% as expected. Inflation had decreased slightly both month-on-month and year-on-year. Energy prices rose at a softer pace; however, food...
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by Charles Purdy | Jul 13, 2022
The pound has strengthened against the euro and the dollar this morning following the release of UK GDP data. The data showed that the UK economy unexpectedly grew in May, beating market forecasts. This was driven by in services output, led by human health and social...
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by Charles Purdy | Jul 13, 2022
GDP data was released this morning, revealing that the UK economy grew unexpectedly in May by 0.5%. This beat expectations of 0.0% and growth was driven by a rise in holiday bookings and GP appointments. The pound has strengthened following this against both the euro...
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by Charles Purdy | Jul 13, 2022
The pound has shot up to its highest level since the spring following GDP data from the UK that took the markets by surprise. The UK economy rose by 0.5% in May, when economists had predicted a 0.1% fall. That’s quite the turnaround, and has resulted in sterling...
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