While recent gains against the US dollar were reversed, GBP/EUR has strengthened again. Will that last into next week? Inflation data will be out on Wednesday and the Bank of England will make its interest rate decision on…
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Sterling has continued to strengthen against the euro, having gained well over 1% over the week to yet another strongest position since August 2022. Against the US dollar, all of Thursday’s gains have now gone, but GBP/USD remains…
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Currency markets reacted fast to May’s inflation data. It’s a story we’ve seen many times over the last few years and one invariably followed by a swift correction. With the figures coming thick and fast, it’s unlikely that…
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A million different factors combine to impact a country’s economic growth, but one frequently cited variable in April was the weather. Time will tell if this is true, but zero growth is a slightly troubling detour for the…
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The US dollar came under pressure on Wednesday, as the double whammy of inflation data and the Federal Reserve’s interest rate meeting dominated proceedings.
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The euro rode on the coattails of US inflation data to post a much stronger day on Wednesday. In fact, EUR/USD managed to erase its losses and had been sitting slightly above where it began the week, before…
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The pound strengthened to a new highest point since August 2022 yesterday against the euro, well over 2% stronger than last month. You may have noticed that we mention August 2022 a lot and wonder why sterling fell…
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The Office for National Statistics said monthly growth in April flatlined after a 0.4% increase in March. The economy was unable to maintain its momentum due to the weight of the struggling retail sector, a downturn in manufacturing…
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