The US government shutdown rolls on into a fresh calendar week following Donald Trump’s threat of permanent layoffs and severe spending cuts for “Democrat” agencies.
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Both main parties are using the government shutdown to score political points. This is despite the impact it is having on labour market data and other core government activities. It might sound like a fringe concern, but being…
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The eurozone’s jobless rate climbed unexpectedly from 6.2% to 6.3% in August. That didn’t seem to have much bearing on the euro, aside from instigating a modest fall against the US dollar.
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The Bank of England’s business survey didn’t exactly paint a rosy picture for the pound. After spring’s tax hikes, companies are looking ahead to the next budget with apprehension. Hiring is down and businesses are still raising prices…
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Sterling heads into the weekend under a little bit of pressure, with more downbeat economic data sharpening minds ahead of the autumn budget (26 November).
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The US government shutdown doesn’t appear to have had a significant impact on the dollar, as it was only down 0.15% on the pound and, in fact, up 0.25% on the euro. However, a job report showing a…
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The euro slipped 0.3% on both the pound and dollar on Wednesday. After managing to reach its 2% inflation target, fresh data shows that prices are creeping up above target again. Though the 0.2% increase isn’t expected to…
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The pound was up 0.15% on the dollar and 0.25% on the euro on Wednesday, despite expectations of a productivity downgrade in tomorrow’s OBR report. However, the UK housing market did begin to grow again after August’s decline.
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