The UK economy posted only a small contraction in May which was much better than forecast as the country continues to show strong resilience in the face of significant pressures. That resilience has helped to Read more…
UK GDP contracted by -0.1% mom in May, slightly better than expectation of -0.3% mom contraction. However, taking a wider view, GDP showed stagnation over the three months to May. The contraction in May was Read more…
Daily Pivots: (S1) 0.8623; (P) 0.8713; (R1) 0.8765; More… USD/CHF hits as low as 0.8650 so far today and intraday bias stays on the downside. Current fall should target 100% projection of 0.9439 to 0.8818 Read more…
New Zealand’s manufacturing sector is experiencing a continuous contraction according to BusinessNZ Performance of Manufacturing Index. The Index showed a drop from 48.7 in May to 47.5 in June, marking another month of activity below Read more…
Fed’s Beige Book report noted that the “overall economic activity increased slightly since late May.” Notably, the level of economic development varied across the twelve districts, with five districts reporting growth, five noticing no change, Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…
The Bank of Canada raised the overnight rate by 25 basis points, to 5%, while stating that it will continue with Quantitative Tightening (QT). With the hike, the policy rate is now at its highest Read more…