Welcome to our regular Monday recap from last trading week, where we got some surprising data that brought volatility to the markets.
At the end of the week, we focused our attention on the current inflation rate in the euro area, which showed a lighter decline than the market had expected.
On Tuesday, we got surprisingly stronger UK PMI data, to which the British pound strengthened significantly.
The US economy in 4. Quarter 2022 grew by 2.7%, slightly less than the preliminary estimate.
The Reserve Bank of New Zealand raised its base rate by 50 bp at its first meeting of the year.
And what's in store for the current trading week?
The first half of the week will bring a flurry of Canadian, Swiss and Australian GDP data that we will be waiting for.
Keep an eye on our discord room to stay up to date!