GBP: Budget and PMIs this week

The pound weakened at the end of last week due to changes in global market sentiment around risk aversion and bond yields. Sterling is still weaker against the euro and the dollar than it was towards the middle of last week. This week, all eyes will be on the...


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All eyes on Chancellor’s Budget this week

After a strong week, the pound weakened on Friday due to changes in the global markets. This morning, it is well supported against the euro and the dollar, but lower than it was towards the middle of last week. The currency markets have recently been taking their cues...


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A spring in sterling’s step once again

The pound’s up, down and then, thankfully for those buying euros, up again performance over the past week has shown on what a hair-trigger currencies are operating on. Against both the euro and the US dollar sterling is where we were last Monday, if 1 or 2% down on...


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USD: Dollar gains ground

The dollar has strengthened this morning after a big sell-off of US treasury yields yesterday. Market confidence is increasing as the global economy seems to be bouncing back faster than expected. Durable goods orders, which includes machinery and electronics,...


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EUR: Euro hit by rising bond and treasury yields

The euro has strengthened against the pound but weakened against the dollar after rising bond yields in the US. This comes despite the European Central Bank saying they are willing to buy bonds flexibly to avoid a tightening of financial conditions. In the eurozone,...


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