After a brief drop yesterday due to positive Chinese economic data, dollar largely regained its ground against the pound and euro. The US trade deficit has continued to narrow, reaching its smallest point since June 2018, at $49.4…
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Euro strengthened early yesterday morning against the pound, although it was only brief. Eurozone balance of trade came in much better than predicted, at €17.5 billion instead of €12.3 billion. It’s been a relatively positive week for the…
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Sterling briefly dipped yesterday as inflation came in yesterday at 1.9%, unchanged from the previous month and not quite at market expectations of 2%. However, it soon regained its ground.
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Sterling is on a slight upward tick this morning following a relatively positive week. Although inflation came in just below expectations, it only had a small dip that it soon regained. The retail price index also came in…
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Strong Chinese economic data, including GDP growth and industrial production, caused the dollar to weaken briefly against a basket of currencies this morning. The dollar has also weakened slightly against the pound yesterday on lower-than-expected industrial production figures,…
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German economic sentiment beat expectations yesterday noon, as the figures released showed not the expected 0.8, but a climb to 3.1 points. This puts the figures into the positive for the first time since March 2018.
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The pound weakened slightly this morning on reports yesterday in the Guardian that Conservative-Labour talks have broken down, although Labour has denied the story. In positive news, UK employment figures showed a slight decrease on Tuesday by 27,000…
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The pound is relatively stable this morning as markets await today’s inflation rate release, expected to come in within the Bank of England’s target figure of 2%. UK unemployment came in positively yesterday, although the pound did weaken…
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