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EUR: construction output impresses in August

As expected, inflation climbed to 2.1% in September from 2% in the previous period. This will not be a worry as it is so close to the European Central Bank’s target rate of 2%. There was some good news in the form of the construction output figures in August....

GBP: squeeze eases for the Great British public

It has been a fairly positive week for UK economic data this week – at least as far as UK household finances are concerned. Earlier in the week, we saw average earnings rise by 3.1% in the three months to July and yesterday saw inflation drop to 2.4% in...

Squeeze eases as UK inflation falls to 2.4%

The good news continued yesterday as we learned the cost of living squeeze has eased. On Tuesday, figures released showed that average earnings excluding bonuses had risen by 3.1% in the three months to July. It was the fastest increase for almost ten years. Then, on...

USD: US retail sales miss forecast

The dollar weakened against the euro and had a topsy turvy day against sterling as Brexit-related news caused some volatility in the pound. US retail sales for September were released and showed that they only grew by 0.1% against an expectation of 0.6% growth....

EUR: Tusk says Brexit is more complicated than expected

On what was an extremely quiet day for the eurozone and economic data, the President of the European Council, Donald Tusk, wrote a letter to EU governments in which he said that Brexit is more complicated than expected. Tusk also said that the EU must begin preparing...

May delivers Brexit statement to MPs

The weekend was dominated by headlines which revolved around Brexit and were a far cry from the Dow Jones report which claimed a divorce agreement could be settled within a week. Less than a week ago, the outlook was more positive than it had been for some time and...

Non-farm payrolls weaker than expected

In recent times, markets around the world have become increasingly concerned about the inflationary impact of falling US unemployment, with some believing it could lead to a demand for higher wages. In addition, there is the threat to emerging markets – many...

GBP: UK house prices suffer sharpest fall since April

On Friday, there were two pieces of economic data which were worthy of our attention. The Halifax house price index for September showed that UK house prices fell by 1.4% last month, which is the sharpest fall since April 2018. It follows a 0.2% fall in August and was...