USD: Retail sales data due today

The dollar is slightly weaker against a basket of currencies this morning ahead of a series of economic data releases today. Retail sales figures will be released for the US, expected to have risen month-on-month in March. In February, retail sales were pushed up by a...


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EUR: ECB meeting this morning

The euro has strengthened against the dollar this morning ahead of the European Central Bank’s interest rate decision today. Although ECB officials are expected to keep the interest rate the same, it is expected that they will deliver a more hawkish message due to...


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GBP: Pound stronger following high inflation

The pound has strengthened against the euro and the dollar this morning, building on gains made yesterday following high inflation figures. Inflation in March surged to its highest annual rate in 30 years, reaching 7%. This has boosted expectations that the Bank of...


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Pound stronger against euro and dollar

The pound has strengthened against the euro and the dollar this morning, building on gains made yesterday following high inflation figures. The main focus for the markets today will be the European Central Bank’s interest rate decision. Although the interest rate is...


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USD: US annual inflation highest since 1981

Inflation figures for the US were released yesterday, with the annual inflation rate accelerating to 8.5% in March, the highest since December of 1981 from 7.9% in February and compared with market forecasts of 8.4%. This was driven by energy prices and food prices,...


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