by Julian Benson | Nov 23, 2022
This afternoon, US markets will receive data on the EIA oil stocks and imports which could have a knock-on effect on the economy. Markets will also receive statistics on durable goods orders for October which are forecast to remain steady. For more on currencies and...
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by Julian Benson | Nov 23, 2022
The consumer confidence indicator in the eurozone rose by 3.6 points to -23.9 in November, exceeding market expectations of -26. However, global economic growth stats suggest Europe will be one of the continents hit the hardest by high inflation levels and the ongoing...
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by Julian Benson | Nov 23, 2022
The Institute for Fiscal Studies (IFS) think tank said this week that the UK has entered a “new era” of higher taxes following the Autumn Statement. IFS director Paul Johnson said, “We are in for a long, hard, unpleasant journey; a journey that has been made more...
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by Julian Benson | Nov 23, 2022
Yesterday borrowers breathed a sigh of relief as UK five-year mortgage rates finally dropped below 6% for the first time since Kwarteng’s ill-received September mini-budget. Moneyfacts reported that two-year mortgage costs have also dropped, averaging 6.13%, down from...
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by Charles Purdy | Nov 22, 2022
Fears of Covid lockdowns in China boosted the dollar against other major currencies over the course of yesterday. Against sterling and the euro, the US dollar made choppy gains and is in a much better position against the euro compared to this time last week. Against...
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