GBP/USD
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Forex
UK Economy Expands by 0.7% in Q1 2024, with Services a Highlight
According to the Office for National Statistics, Services sector output rose by 0.8% quarter-on-quarter, up from a preliminary 0.7%. Output…
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AUD/USD
The Week Ahead: US Personal Income and Outlays Report Crucial for the Fed
On Thursday, June 27, jobless claims, GDP, and durable goods orders will draw investor interest. Upward trends in durable goods…
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Forex
UK Retail Sales Surge 2.9% in May, BoE Rate Cut in August Less Likely
On Thursday, June 20, the Bank of England held interest rates at 5.25%. Bank of England Governor Andrew Bailey said,…
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Daily
BoE Keeps Rates Steady Amid Inflation Concerns
Comparison with Other Central Banks The BoE’s stance follows the European Central Bank’s recent rate cut, while the U.S. Federal…
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Economic News
Global Economy: Soft Landing Reinforces Prospect of Higher-for-longer Interest Rates
We forecast global growth of 3.2% this year and 3.4% next year, similar to the 3.2% in 2023. Our growth…
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Forex
UK Annual Inflation Rate Falls from 2.3% to 2.0% in May
Moreover, in May, consumer prices rose by 0.3% month-on-month, following a 0.3% increase in April. Economists expected consumer prices to…
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AUD/USD
The Week Ahead: Private Sector PMIs, the BoE and the RBA in Focus
US jobless claims will garner investor interest on Thursday (June 20). Another increase in initial jobless claims would signal a…
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Forex
UK Retail Sales Tumbled by 2.3% in April Due to Bad Weather
Updated: May 24, 2024, 06:14 GMT+00:00 Key Points: UK retail sales tumbled 2.3% in April after declining by 0.2% in…
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Economic News
United Kingdom: Rising Debt a Key Long-term Rating Risk
Reserve Currency, Independent Monetary Policy and Deep Capital Markets… As an economy holding a global reserve currency and bearer of…
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Forex
UK Annual Inflation Rate Slides to 2.3% in April vs. 3.2% in March 2024
In April, consumer prices increased by 0.3% month-on-month after advancing by 0.6% in March. Economists expected consumer prices to rise…
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