In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb Read more…
In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb Read more…
In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb Read more…
In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb Read more…
Markets UK May Inflation data and Fed Powell’s semi-annual Congressional testimony before the House Financial Services Committee were key today. Powell’s testimony still takes place after finishing this report, but the text of his statement Read more…
Markets UK May Inflation data and Fed Powell’s semi-annual Congressional testimony before the House Financial Services Committee were key today. Powell’s testimony still takes place after finishing this report, but the text of his statement Read more…
Daily Pivots: (S1) 1.2717; (P) 1.2762; (R1) 1.2810; More… GBP/USD is extending the retreat from 1.2847 but stays above 1.2628 support. Intraday bias remains neutral and further rally is expected. On the upside, firm break Read more…
Canada retail sales rose 1.1% mom to CAD 65.9B in April, well above expectation of 0.3% mom. Sales increased in eight of nine subsectors and were led by increases at general merchandise retailers (+3.3%) and food Read more…
Canada releases retail sales Fed Chair Powell testifies before a House Committee The Canadian dollar is drifting lower on Wednesday. USD/CAD is trading at 1.3222 in Europe, down 0.10%. The US dollar has endured a Read more…
German economy endured a “sharp setback” in the winter half-year, primarily due to soaring inflation and noticeably weakened demand, as per the latest report from Germany’s Ifo Institute. The country’s GDP is predicted to decline Read more…