The UK economy returned to modest growth in May, with GDP rising 0.1% month-on-month after a -0.1% contraction in April, slightly exceeding expectations for a flat reading. The data suggest the economy regained some momentum after a soft start to the second quarter, although the recovery remains uneven beneath the headline. Growth was driven almost […]
The post UK GDP Grows 0.1% MoM in May as Services Offset Weak Production and Construction appeared first on ActionForex.
The Swiss National Bank’s June policy minutes show policymakers becoming more concerned about inflation risks but not sufficiently alarmed to warrant tighter monetary policy. While the Governing Board acknowledged that higher energy prices and geopolitical Read more…
Federal Reserve Chair Kevin Warsh testified before Congress on 14–15 July, reaffirming the Fed’s commitment to bringing inflation back to target while providing no clear guidance on the future path of interest rates. Meanwhile, June Read more…
EUR/USD and GBP/USD continue to recover moderately following the recent weakening of the US dollar. European currencies have been supported by expectations that US inflationary pressures will continue to ease after softer-than-expected CPI and PPI Read more…