by Julian Benson | May 28, 2024
Following yesterday’s UK market closure, the pound soared to a two-month high against the euro in the early hours of this morning as traders continued to digest Friday’s retail sales data. Against the US dollar, sterling rose to levels not seen since early...
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by Christopher Nye | May 24, 2024
The dials were all green for the US dollar yesterday, with growth of 0.25% to 0.50% against major rivals following excellent PMI readings that showed the US service economy in its rudest health since for at least a year, and Federal Reserve jitters on inflation. Will...
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by Christopher Nye | May 24, 2024
A mixed week for the euro, which strengthened by 0.5% against the US dollar and more than 1% against the yen. The single currency was supported by generally upbeat reports on eurozone economy, but high German wage rises are putting interest rate cuts in doubt. Monday...
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by Christopher Nye | May 24, 2024
Sterling saw some of the previous day’s gains pegged back yesterday, but it nevertheless reaches the last day of the week around three-quarters of a percent up on the euro and fractionally up on the US dollar. After the excitement of this week there is virtually...
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by Christopher Nye | May 24, 2024
The day after the big announcement of the General Election (and inflation falling to manageable levels), the pound held onto most the gains it made on Wednesday. GBP/EUR is close to 2% stronger than this time last year, 1% better than last month and 0.7% better than...
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