by Charles Purdy | Nov 20, 2023
Early last week sterling staged a sharp recovery against the euro, which disappeared just as sharply as inflation and other data indicated that the Bank of England’s interest rate rises had already done their job, and no more might be required. It was a similar story...
read more
by Charles Purdy | Nov 17, 2023
The greenback was left treading water against the pound and euro yesterday, as the markets continued to ponder which central bank will be cutting interest rates first in 2024. There was certainly no lack of commentary from FOMC members yesterday, and that continues...
read more
by Charles Purdy | Nov 17, 2023
There was plenty of movement for the euro yesterday, but ultimately the only serious gains, of around 0.6% were against the Canadian and Australian dollars. This afternoon we’ll hear final readings for eurozone inflation. There will also be comments from European...
read more
by Charles Purdy | Nov 17, 2023
Sterling slipped slightly yesterday from its two-month high against the US dollar, while drifting to a new six-month low against the euro. This morning’s worst retail data for nearly three years has knocked it further. Retail sales were at their lowest level since...
read more
by Charles Purdy | Nov 17, 2023
Sterling resumed its stop-start decline against the euro yesterday, reaching its lowest point since mid-May. It’s been a much more positive story against the US dollar, where the pound hit a two month high this week. What could explain the divergence in fortunes? Both...
read more
