Tomorrow morning the British economy is due to announce its latest GDP figures for June 2023. Markets expect a 0.1% expansion, following a 0.1% contraction in May.
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Despite soaring in the wake of the Italian government’s decision to impose a 40% windfall tax, the pound ended yesterday in negative territory against the euro due to a lack of UK data.
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The pound has been gradually strengthening following the decline in the first week of August, and remains a good two to three per cent above the levels of the early part of the year against the euro. Will…
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The dollar weakened across the board yesterday, although the losses were pegged at below 0.35%.
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The single currency had a generally negative day yesterday but remains up across the week against the US dollar. Germany’s inflation was confirmed at 6.2%, a fall from 6.4% last month.
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A mixed day for the pound has taken its overall gains across the past week to as much as 1% against major rivals, most notably the US, Canadian and New Zealand dollars.
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Sterling has continued its recovery in early trading this morning, gaining around half a cent against the euro since Monday morning and now slightly ahead of its position last Wednesday. There has been plenty of movement against the…
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This morning the USD Index, which gauges the US dollar vs its major rival currencies, extended optimism seen on Monday this morning, trading above the 102.00 mark.
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