GBP/USD RALLIES SHARPLY ABOVE 1.2070 ON DISAPPOINTING US SERVICES PMI
GBP/USD rallied sharply near 1.50% on disappointing US ISM data. Hawkish Fed call failed to weigh on GBP/USD. Next week’s economic calendar includes reports on GDP and US CPI. ,…
GBPUSD APPRECIATES TO FRESH MULTI-MONTH HIGHS AT 1.1840
The pound continues to strengthen, hitting a 2.1/2 month high at 1.18 0. UK GDP fell less than expected in the third quarter. $ remains under pressure for Fed tapering.…
Italian GDP Prelim QoQ: 0.5% (Forecast 0%, Previous 1.1%)
YoY Flash: 10.7% (forecast 10.3%, previous 9.9%) Full Report Reuters Note – Consumer price growth in the common euro19 country accelerated to 10.7% in October from 9.9% last month, beating…
Germany June retail sales -1.6% vs +0.2% m/m expected
Prior +0.6%; revised to +1.2% Retail sales -8.8% vs -8.0% y/y expected Prior -3.6%; revised to +1.1% The only bright spot was a revision to the May figures and the…
Fed’s George Fed Pres. George: Speed at which interest rates should rise an open question
Kansas City Pres. Esther George on the wires saying: speed at which interest rates should rise an open question moving too fast risks over steering communicating the path for rates…
The Prime Minister of Ukraine expects a reduction in the country’s GDP by at least 35%
Moscow. 5’th of July. INTERFAX.RU – Ukraine’s GDP in 2022 will decline by at least 35%, Prime Minister Denys Shmyhal said at a conference in Lugano. „We managed to carry out a…
Bloomberg Economics: Russia’s GDP is gradually shrinking due to sanctions
Bloomberg experts acknowledge that Russia has so far endured sanctions better than expected. Russia’s economy is shrinking due to sanctions, but the data shows a gradual, uneven decline in GDP,…
S&P Global final June US manufacturing index 52.7 vs 52.4 prelim
Prelim 52.4 Prior 57.0 First drop in new orders in over two years Inflation pressures remained historically elevated, but increases in input costs and output charges eased to three-month lows Chris…