by Christopher Nye | May 19, 2022
The euro has lost some of its gains against the dollar made earlier this week but is still stronger compared to this time last week. Inflation data for the eurozone was released yesterday, showing that the inflation rate was at 7.4% in April, matching March’s reading...
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by Christopher Nye | May 19, 2022
After strengthening earlier in the week due to positive jobs data, the pound is weaker against the euro and the dollar following UK inflation data released yesterday. The data showed that the inflation rate hit a 40-year high, coming in at 9% year-on-year in April....
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by Christopher Nye | May 19, 2022
The pound was given a boost earlier in the week due to better-than-expected jobs data. However, figures released yesterday showing that inflation is rising at its fastest pace in 40 years have subsequently weighed on sterling. The US stock market posted its largest...
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by Christopher Nye | May 18, 2022
The dollar is weaker against the pound and the euro this morning, but still strong compared to this time last month. US retail sales data was released yesterday, showing that sales increased by 0.9% in April, matching market predictions. The increase shows that...
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by Christopher Nye | May 18, 2022
The euro is stronger against the dollar this morning due to improved market sentiment. A more positive global economic outlook, driven by hopes of lockdowns easing in China and positive economic data, caused the euro to strengthen against the dollar. As well as this,...
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