by Charles Purdy | Dec 9, 2024
Sterling starts the week up on the euro and close to its best since March 2022. GBP/USD remains some 4% down on its September high but having enjoyed two weeks of improvement. While political turmoil has been grabbing the headlines from Seoul to Paris via Syria, the...
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by Christopher Nye | Dec 6, 2024
There were very few bright spots for the dollar yesterday as it lost between 0.25% and 0.75% against major rivals. This afternoon, being the first Friday of the month, we’ll hear Non-Farm Payrolls. After last month’s worst numbers for years, a major bounce-back is...
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by Christopher Nye | Dec 6, 2024
The fall of Mr Barnier’s government had little impact on the single currency this week and any losses from Wednesday were recouped – and more – yesterday. The euro reaches the end of the week well up on all the dollars, especially AUD. We will get a third estimate of...
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by Christopher Nye | Dec 6, 2024
After two days of gradual gains, GBP/EUR fell away yesterday afternoon and reaches the end of the week where it started. It’s slightly more positive against other major currencies – USD, NOK, CAD – with 0.5% improvements. There is little to excite the markets on the...
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by Charles Purdy | Dec 6, 2024
There was little movement for sterling yesterday, and what there was, was mixed, drifting slightly against the euro but building against the US dollar. It was a tale of interest rates again. Governor of the Bank of England (BoE) Andrew Bailey agreed in an interview...
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