Source: Office for National Statistics Inflation in the United Kingdom climbed to its highest level in three decades in March, driven mainly by higher prices of motor fuels. EWU is up 0.48%, while EZU is up 0.05% premarket. The consumer prices index clocked in at 7.0% in March, up from 6.2% in February and 0.7% in March 2021. This is the highest since March 1992’s … [Read more...] about UK Inflation Soars to Historic High in March
Forex News
UK House Prices Jump by Annual 10.9% in February
Source: Office for National Statistics The average house price rose by 10.9% over the year to February 2022, an increase from 10.2% in January 2022. FTSE 100 up +0.0065%, GBPUSD down -0.01% Prices increased by 0.8% in the month, after a 1.1 monthly increase in January despite the possibility of rate hikes to ease inflation, driving up borrowing costs.The annual house … [Read more...] about UK House Prices Jump by Annual 10.9% in February
US Inflation Quickens to Four-Decade High of 8.5%
Source: Bureau of Labor Statistics Inflation surged to 8.5% in March, hitting the highest level in over four decades. QQQ is up 1.33%, while SPY is up 0.85%. The Consumer Price Index for All Urban Consumers clocked in at 8.5%, the highest since December 1981.The acceleration was mainly due to energy prices which surged by 32.0%. Energy commodities soared by 48.3%, … [Read more...] about US Inflation Quickens to Four-Decade High of 8.5%
German Economic Sentiment Falls Further to -41.0
Source: ZEW German economic sentiment declined further in April, as experts assume that economic conditions are expected to deteriorate moving forward. EWG is up 0.44%, while DAX is down 1.82% premarket. The ZEW Indicator of Economic Sentiment for Germany dropped 1.7 points to -41.0 points.The assessment of the economic situation also declined by 9.4 points to -30.8, the … [Read more...] about German Economic Sentiment Falls Further to -41.0
UK Employment Unchanged at 75.5%
Source: Office for National Statistics The United Kingdom’s employment rate was unchanged in the December to February period while unemployment eased. EWU is down 0.12%, while EZU is up 0.19% premarket. The UK employment rate was largely unchanged at 75.5% during the quarter but remained below levels seen prior to the COVID-19 pandemic.The number of full-time employees … [Read more...] about UK Employment Unchanged at 75.5%
