Axes to Grind
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UK: A pressured consumer
Retail sales fell to their lowest level in 4 years in September figures released yesterday showed. It is not a surp... Read More >
Economic updates
Decisions Day
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GBP: High employment, low pay
UK unemployment has fallen to another record low of 4.3% in the past month, however the story of the labour ma... Read More >
What is going on in the UK housing market?
Since Brexit the housing market has been a particular focus of economic strength. Briton’s gain a tremendous ‘wealth effect’ from owning property; as property v... Read More >
Crunch time
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USD: Yellen gives the dollar a lift
Friday’s inflation numbers from the US were weaker than had been expected but not weak enough, in our op... Read More >
EU gives with one hand, takes with the other
Barnier spikes trade talks, but boosts transition period
Michel Barnier, the EU’s chief negotiator, prompted a spell of swift weakness in sterling yesterday ... Read More >
Fed split on inflation sends USD lower
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USD: Disagreement on inflation
The US dollar has weakened to its lowest level in a week as traders seem happy to sit and wait on mor... Read More >
Spanish Suspenders
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EUR: Catalan leader pulls back from the edge
Catalan President Carles Puidgemont blinked last night, announcing that while he would seek to ... Read More >
I’m all about that trade
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GBP: May raises the stakes
Addressing the Commons yesterday Prime Minister Theresa May told the UK and EU that preparations had begu... Read More >
May to circle the wagons on Brexit
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GBP: Reshuffle the cads
As is de rigour nowadays the Sunday papers were full of conjecture on the future of the May cabinet and its leader. ... Read More >
Here comes the story of the Hurricane
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GBP: Sterling hurt by succession rumours
A drive lower in the pound since the Tory party conference on Wednesday has continued as rumours sw... Read More >