by Christopher Nye | Dec 2, 2024
Sterling has been gaining over the past week and that accelerated this morning, as investors bet on interest rates staying higher for longer in the UK. Tomorrow morning we’ll hear the British Retail Consortium’s data for November, plus a final result for Services PMI...
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by Charles Purdy | Dec 2, 2024
A new week and a new month see the pound in a commanding position against the euro, and fighting back strongly against the US dollar. GBP/EUR is 1.5% better than this time last month. Black Friday sales were reportedly 12% up on 2023 and 16% up on 2022, as retailers...
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by Christopher Nye | Nov 29, 2024
The dollar was on the backfoot yesterday. USD/EUR has lost a third of its post-election gains but remains more than 2% stronger than the start of November. The markets remain closed for the Thanksgiving celebrations but reopen on Monday with Manufacturing PMI and on...
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by Christopher Nye | Nov 29, 2024
The euro fell against most major currencies yesterday, but at least it has regained some of its losses against the US dollar (although still 2.5% down over the month). German prices fell by 0.2% last month and France’s annual inflation rate has just been revealed as...
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by Christopher Nye | Nov 29, 2024
Sterling held its ground yesterday as a quiet week for UK data ended. Over the week the pound has clambered upwards again after a sharp fall against the euro on Monday and gained 0.75% against the US dollar. Later today we’ll hear some mortgage data, but it’s another...
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