Recovery Runs Out Of Steam

August 8, 2024
Recovery Runs Out Of Steam

Early trading sees the Pound back in the doldrums. Nothing catastrophic, but a return to recent lows.

Against the Euro, with no scheduled news for either Sterling or the Euro, things could remain in status quo.

Versus the Dollar it could be a different story as there's initial jobless claims from the US out later.

Eyes will then turn to China in the early hours of tomorrow.

The Chinese inflation number is going to be reported with analysts expecting 0.3% annualised growth.

Business news continues to follow the housing market with a resumption of quick offers on properties starting to come to the fore.

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Economic calendar

US: 13:30 Initial Jobless Claims

CHN: Friday 02:30 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.
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