by Christopher Nye | Dec 23, 2024
Sterling lost a little of its recent strength against the euro at the end of last week, as fears over the UK economy and a US government shut down worried the markets. Today’s GDP downward revision will have done nothing to inspire confidence. GBP/USD past year 1 Min...
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by Charles Purdy | Dec 23, 2024
Sterling fell sharply from recent highs against the euro at the end of last week, and to the lowest level against the US dollar since the spring. The obvious cause was a lower-than-expected result for Retail Sales in the UK. They rose by just 0.2% in November, when...
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by Christopher Nye | Dec 20, 2024
A remarkable week for the US dollar has seen it strengthen against every other major currency by as much as almost 3%. One of the smaller gains – just 1% – was against sterling. This afternoon we will get the core PCE price index, which is a highly influential measure...
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by Christopher Nye | Dec 20, 2024
It has been a mixed week for the single currency, with strong gains against the Norwegian krone and antipodean dollars but further losses (1.3%) against the US dollar. There is very little data coming out of Europe today and for the rest of the year, but we will get a...
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by Christopher Nye | Dec 20, 2024
Sterling weakened by around 1% against the US dollar yesterday and a little less against the euro. However, for GBP/EUR this was after briefly hitting a new post-Brexit high. After a heavy week of data this week, that continues next week with a final result for GDP on...
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