UK Retail Sales recover

Source: Dukascopy Bank SA


Despite the UK economy entering a recession, in January, Retail Sales have increased 3.4%. However, the optimism is not warranted, as the sales have dropped -3.3% in December, which in nominals terms is a larger sum than the recovered amount.

The GBP reacted to the news with a surge, before declining back to previous levels. In general, the rate remains below 1.2600.
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Fri, 16 Feb 2024 13:39:10 GMT

US inflation remains persistent

The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. Prices for goods at the wholesale level have grown stunningly. The monthly increase in the PPI is at 0.3% and the Core PPI at 0.5%. Both were expected to increase just 0.1%. The producer price increase indicates that inflation is set to continue

Tue, 06 Feb 2024 13:35:54 GMT

US employment caused Dollar surge

The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. Non-farm employment change was expected

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