by Charles Purdy | Nov 17, 2022
Inflation was revealed to be 11.1% yesterday morning. However, Bank of England governor Andrew Bailey told MPs he expects to see interest rates fall dramatically in the new year. He said, “Once we get through this winter, because of the way the gas price effects...
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by Charles Purdy | Nov 16, 2022
Today’s retail sales report will give markets an insight into sales of retail goods and services for October. In September, retail trade was unchanged and missed market expectations of a 0.2 percent increase. This was mainly due to high inflation and rising...
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by Christopher Nye | Nov 16, 2022
Market watchers saw Germany’s economic outlook improve yesterday in the latest economic sentiment data. The ZEW Indicator of Economic Sentiment rose sharply by 22.5 points to -36.7 in yesterday’s data release, which was the highest since June. It was also above market...
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by Charles Purdy | Nov 16, 2022
Sterling is on standby as the details for tomorrow’s long-awaited Autumn Statement are being finalised. Jeremy Hunt’s proposals are set to include an increase in the national living wage (to £10.40) and a 10.1% rise in pensions (in line with inflation)....
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by Charles Purdy | Nov 16, 2022
Britain’s annual inflation rate rose to the highest it has been since October 1981. The data released by the ONS this morning revealed that inflation jumped to 11.1%, from 10.1% in September. The inflation rate is much higher than markets were expecting (10.7%)....
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