by Sharyh Murray-Francis | Feb 6, 2023
The euro is still weak against the US dollar after tumbling on Thursday for the first time since last April. This follows strong US jobs data last week which turned investors to the US dollar. Additionally, investors digested dovish signals from ECB policymakers,...
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by Sharyh Murray-Francis | Feb 6, 2023
At 9:40 this morning, member of the BoE’s Monetary Policy Committee, Catherine L. Mann will speak following the latest inflation rate. In its February meeting, the BoE voted by a majority of 7-2 to raise interest rates by 50bps (to 4.0%). This was the...
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by Sharyh Murray-Francis | Feb 6, 2023
Sterling begins the week weaker than both the euro and US dollar compared to this time 7 days ago. Overall, GBP/EUR is at a two-year low for the first time since its long vaccine-related boost in 2021. Against the dollar, the pound sits close to its weakest level...
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by Charles Purdy | Feb 6, 2023
The worries that many analysts had about sterling in 2023 appear to be manifesting themselves. The Prime Minister’s 100th day in office coincided with a sharp sell off in sterling, although that was more to do with central banks’ actions and the surprising...
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by Charles Purdy | Feb 3, 2023
A mixed week reaches its final day with the dollar flying high against the pound and most commodity backed currencies (NOK, AUD etc) but falling behind other ‘safe haven’ currencies like JPY and CHF. The Fed was the odd bank out this week, raising headline rates by...
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