by Christopher Nye | Nov 11, 2024
For those holding euros, the good news is that while losses against the dollar have been significant, at around 2% over the past month, and around half that against the pound, it remains up over the past month against most other rivals, especially the Scandinavian and...
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by Christopher Nye | Nov 11, 2024
Compared to last Monday sterling’s only large move (more than 1%) has been against the euro, along with small gains on SEK and CHF. Tomorrow is the start of a round of high-level data, with unemployment and earnings data from 7am. GBP/EUR past year 1 Min 5 Min 1 Hr 1...
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by Christopher Nye | Nov 11, 2024
Over the weekend sterling climbed to a new highest point since the early spring of 2022 against the euro. It is now 5.5% stronger than this time last year and around 7% stronger than the average of the past five years. Sterling continues to struggle against the US...
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by Christopher Nye | Nov 8, 2024
There was a slight bounce back from the dollar’s gains yesterday, with roughly 0.3% drops against GBP, EUR and others. Later today we’ll hear the Michigan Consumer Sentiment index. The markets are likely to be quiet on Monday for Veterans Day. USD/GBP past year 1 Min...
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by Christopher Nye | Nov 8, 2024
The euro has weakened by as much as 2% against major rivals over the past week. Against the currencies like BRL and MXN the falls were around 3%, as the continent appears increasingly rudderless politically and at risk economically and militarily. Later today we will...
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