Last week’s highlights

  • Pound strengthens on above-forecast July data
  • Fed remains divided on interest rate outlook
  • Eurozone’s July inflation confirmed at 0.2% and 0.9%

This week’s highlights

  • Second estimate of Q2 German, UK, US GDP
  • Fed Cha…
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Sterling was stronger across the board yesterday after Retail Sales jumped in the month following the referendum. Retail Sales rose 1.4% from June to July and were up 5.9% in July compared to a year prior. Core Retail Sales rose 1.5% month-on-month a… Read more

Sterling-dollar largely held above 1.3000 yesterday, while sterling-euro held above 1.1500 interbank. The pound briefly received support yesterday morning following an unexpected drop in Claimant Count Change in July. Claims were expected to increase… Read more

The pound received some relief yesterday following a greater-than-expected increase in inflation figures. The Consumer Price Index unexpectedly picked up from 0.5% to 0.6%, its quickest pace since December 2014. The Producer Price Index rose 4.3% yea… Read more

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