Daily Report
Daily Report: 17th September 2021
GBP Sterling has begun the day on the backfoot after UK retail sales for August disappointed. The Office for National Statistics reported earlier this morning that sales volume unexpectedly dropped 0.9% in the month of August, leading to the fourth consecutive monthly decline when previous months were revised lower. Economists expected a 0.5% rise. The report added that August’s drop appeared partly to reflect reduced supermarket sales as more people ate out following the relaxation of Covid restrictions. EUR After losing ground yesterday, the euro is trading flat against the dollar ahead of this morning’s release of [...]
Previous Daily Reports
Daily Report: 16th September 2021
GBP The pound has fallen against the dollar, but remained steady against the Euro in early trading. The pound has failed to make any significant gains following yesterdays higher than expected inflation data and the cautious mood around equity markets has extended some support to the safe [...]
Daily Report: 15th September 2021
GBP Sterling has gained modestly against the dollar and is trading flat against the euro this morning after UK inflation hit a nine year high last month. The Office of National Statistics (ONS) report released early this morning showed consumer prices rose by 3.2% in August after [...]
Daily Report: 14th September 2021
GBP Sterling remained steady in early trading as employment data released this morning showed British employers added 241,000 to their payrolls last month and the unemployment rate was 4.6% for the second quarter in line with expectations. Tuesday’s data shows a continued recovery in the jobs market [...]
Daily Report: 13th September 2021
GBP Sterling has begun the week down against the dollar , but steady against the euro . The pound has come under pressure after Friday’s GDP figures revealed that Britain’s economy from the lockdown, virtually stalled in July despite the removal of most pandemic restrictions . Also [...]
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