Canada GDP contracted -0.1% mom in December, worse than expectation of 0.2% mom expansion. Goods-producing industries declined -0.6% while service-producing industries were essentially unchanged. For Q4, GDP grew 0.2% qoq, slowest pace since Q2, 2021. Read more…
Sterling’s rally is accelerating today with sentiment lifted by the Windsor Framework as agreed between the UK and EU regarding the handling of Ireland/Northern Ireland. GBP/CHF’s rise from 1.1072 accelerated to as high as 1.1353 so Read more…
The Australian dollar remains under pressure and has edged lower on Tuesday. AUD/USD dropped below the 0.67 line on Monday for the first time since Jan. 3. Australian retail sales bounce back Australian retail sales Read more…
Asian shares were a mixed bag on Tuesday as fears over rising U.S. interest rates hit overall sentiment in the region. European futures are pointing to a positive open this morning, tracking the modest gains Read more…
EUR/GBP falls after post-Brexit deal agreed & with inflation in focus EUR/GBP is falling, extending losses from the previous session after a post-Brexit trades deal was agreed upon and as investors look ahead to the Read more…
EUR/GBP falls after post-Brexit deal agreed & with inflation in focus EUR/GBP is falling, extending losses from the previous session after a post-Brexit trades deal was agreed upon and as investors look ahead to the Read more…
The Dax 40 bounced back helped by the optimism from a EU-UK trade deal on Northern Ireland. On the daily chart, the trajectory remains up and the latest sharp fall in a shorter time frame Read more…
Market movers today Today we get flash inflation prints from France and Spain for February, which will give us the first indication of euro area inflation this month. Consensus looks for unchanged headline inflation in Read more…
Summary While there have been some mildly encouraging developments in the recent U.K. data flow, the outlook for the British economy remains distinctly subpar. A flat Q4 GDP outcome has been followed by improving confidence Read more…
Australia retail sales turnover rose 1.9% mom to AUD 35.09B in January, above expectation of 1.6% mom. Compared with January 2022, sales turnover was up 7.5% yoy. Ben Dorber, ABS head of retail statistics, said: Read more…