by Charles Purdy | Nov 8, 2023
Sterling has been weakening steadily since the start of the week against the euro, now wiping out all the gains of last Friday. It is still 1% stronger than last week against the US dollar, however. We’re in a period between important economic announcements, with...
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by Charles Purdy | Nov 7, 2023
The dollar was the big winner yesterday, gaining by between 0.5 and 1.5% against major rivals. Today and tomorrow there will be a host of interest rate setters from the US Federal Reserve’s FOMC, including chairman Jerome Powell at 2.15pm UK time. There will also be...
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by Charles Purdy | Nov 7, 2023
Another mixed day for the single currency, with the only strong movement against the Australian dollar. The markets will be analysing a mass of construction PMI data this morning, plus eurozone-wide Producer Price Inflation. Tomorrow there is not only final readings...
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by Charles Purdy | Nov 7, 2023
Today’s housing data, showing a rise in prices albeit with construction activity down, has had little impact on the pound. The currency is generally being buffeted by data from the other side of the pairings. Later this morning we will get the BBA mortgage rate, which...
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by Charles Purdy | Nov 7, 2023
Following its strong recovery in the latter part of last week, sterling failed to build on those gains yesterday and weakened against both the euro and US dollar. With little data of interest yesterday, it looks to have been more of a correction from the exuberance of...
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