Pound Sterling edged higher against many counterparts after Office for National Statistics (ONS) data indicated continued record growth in wage packets during June but also confirmed what appear to be cracks emerging in the overall labour market.
August 15,2023
Official measures of supply and demand suggest an economy growing faster than many expected including the Bank of England (BoE), leading to forecast upgrades in some parts this week and increased uncertainty about the outlook for interest rates.
August 11,2023
A business investment boom might be underway in the UK as businesses utilise their considerable cash balances amidst an improved political landscape and despite rising interest rates.
August 11,2023
European natural gas prices surged by as much as 40% on Wednesday, before closing the day 27% higher, in a move that reignited fears of another potential gas-driven inflationary crisis for European households and industry.
August 10,2023
When will interest rates go down? Money market data and guidance from the Bank of England suggest the first interest rate cut could occur towards the autumn of 2024, but there are signs the cost of borrowing is already coming down.
August 9,2023
Markets currently see non-negligible odds of 20% that the Bank of England skips a rate hike in September, a development that could potentially result in a decent decline in the value of the Pound.
August 8,2023
Fitch Ratings' downgrade of one of America's credit ratings was widely dismissed as either a work of irrelevance or something founded on flawed analysis Wednesday but the same couldn't be said for countries and economies borrowing in foreign currencies.
August 3,2023
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