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Forex Today: Dollar surges on tightening hopes

8/4/2021 8:12:54 PM GMT | By Valeria Bednarik What you need to know on Thursday, August 5: The dollar is up after US Federal Reserve Vice-Chair Clarida said that if core inflation hits 3% this year, he would consider it “much more” than a moderate overshoot. He added that he expects conditions for raising interest rates to be met by the end of 2022 if inflation and employment outcomes meet his forecasts. Additionally, the ISM Services PMI jumped to 64.1 in July, beating expectations. The ADP survey, however, showed that the private sector added just 330K in July. On Thursday, the focus will be on the Bank of England. The central bank is having a

Frasers Group shares slide as Mike Ashley confirms plan to step aside

Job adverts rise  The number of UK job adverts rose 3pc in the week to July 30 compared to the previous week, with transport and logistics vacancies surging more than any other sector.  New data published by job search engine Adzuna found that the total number of online job adverts were 135pc higher than their pre-pandemic average.  The number of vacancies in the transport/logistics/warehouse sector rose 11pc over the week, boosting it 338pc above its February 2020 average level. Of the 28 categories included in the data, the only three that remained below their February 2020 average levels were “graduate”, “legal” and “energy, oil and gas” at 98pc, 90pc and 86pc respectively.

FTSE 100 slouches in red as BoE ups inflation forecast, Wall Street opens higher

FTSE 100 slouches in red as BoE ups inflation forecast, Wall Street opens higher
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