by Charles Purdy | Jan 16, 2024
While there was little movement for the US dollar yesterday, with the markets closed, overnight the dollar has strengthened by an average of 0.5% against major currencies. Today is not especially hectic for data, but tomorrow the big data returns with retail sales....
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by Charles Purdy | Jan 16, 2024
It was a positive start to the week for the euro, gaining against most major currencies despite its largest economy – Germany – having the worst economic performance last year in the G7. There has been a downturn against the dollar, however. Germany’s final inflation...
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by Charles Purdy | Jan 16, 2024
There was little movement for sterling again yesterday, but a sharp drop against the US dollar overnight. This morning’s unemployment and earnings data will be joined by inflation tomorrow morning, with a modest drop to 3.8% (from 3.9%) expected. Any rise could upset...
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by Charles Purdy | Jan 16, 2024
Sterling enjoyed a day of stability yesterday, continuing the theme of recent weeks, with marginal losses against USD and EUR in a quiet day of trading with the US enjoying a public holiday. However, overnight the pound has weakened against the dollar by around 0.5%,...
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by Charles Purdy | Jan 15, 2024
Sterling bumped up to its strongest level against the euro for five weeks over the weekend, having held on to the gains it made in late December. It is currently around 2% stronger than the average of the past year. However, the notable thing about GBP/EUR has been...
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