by Charles Purdy | Jan 21, 2022
The pound has weakened slightly this morning following disappointing retail sales data. Data on Wednesday showed that inflation rose to a 30-year high in December. Markets now expect, with near certainty, the Bank of England to raise interest rates to 0.50% at its...
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by Charles Purdy | Jan 21, 2022
The euro has gained some strength against the pound and is steady against the dollar this morning. Eurozone inflation rose 0.4% in December and the annual inflation rate came in at a record high of 5%, as expected. This was largely a result of surging energy prices...
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by Charles Purdy | Jan 21, 2022
The pound is slightly weaker this morning following disappointing retail sales data. Despite the support of the festive period, retail sales fell in December as households felt the pressure of soaring costs. Markets are now expecting, with near certainty, the Bank of...
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by Charles Purdy | Jan 21, 2022
The dollar is largely unchanged against the euro this morning following mixed US data. Initial jobless claims unexpectedly jumped last week to 286k from 231k, the highest number since October. This rise is thought to be due to the effects of Omicron on the economy....
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by Charles Purdy | Jan 20, 2022
The dollar is slightly weaker this morning after rallying earlier this week due to rising treasury yields. Jobs data and home sales figures will be released for the US today. The number of Americans filing jobless claims are predicted to have fallen slightly in the...
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