by Charles Purdy | Oct 14, 2024
The story so far… two weeks ago the pound hit a 2½-year-high against most major currencies, based largely on the Bank of England being more cautious than other central banks re inflation and keeping interest rates high. However, soon after, comments from the Bank of...
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by Christopher Nye | Oct 11, 2024
A bright end to the week for the US dollar at least, though hardly for the rest of the US economy as core inflation refused to sink to acceptable levels and the hopes of global business for lower interest rates fell with them. This afternoon we’ll hear Michigan...
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by Christopher Nye | Oct 11, 2024
A mixed week for the euro, which fell against USD, GBP and CHF but gained strongly against various other dollars. There’s not a great deal on the data front for Europe until Germany’s ZEW Economic Sentiment index on Tuesday. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Christopher Nye | Oct 11, 2024
While the pound essentially moved sideways yesterday, overall it’s been a positive week for the pound against major rivals, with gains of 0.5% or more against all but the US dollar and Swiss franc (CHF). Next week is a big one for sterling, with unemployment data on...
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by Charles Purdy | Oct 11, 2024
There was little movement for sterling yesterday against the US dollar and euro. This was despite a rise in US inflation that took the markets by surprise. Core inflation in the US – the measure favoured by the US Federal Reserve – rose by 0.3% in September, taking it...
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