Euro inflation high, pound heading back to the pleasure dome
b'Thursday 1st September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Euro area inflation is the highest since the creation of the Euro and NAB\\u2019s David de Garis says markets are no pricing in a greater than 50 percent change that the ECB will lift rates by 75 basis points next week. That\\u2019s helped support the Euro today, whilst the pound falls further, to levels we saw in early 1985, when mullets were fashionable. Still are for some, of course. Australia\\u2019s construction sector has taken a battering, driven by weather and higher supply costs, but private sector credit growth remains strong. China\\u2019s PMIs show an economy that is taking a long time to recover \\u2013 in part because of COVID, but hot weather has also had an impact. Friday\\u2019s jobs numbers will focus attention now, but the new ADP report has shown jobs growth for larger businesses and a fall in small business employment.
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