by Charles Purdy | Nov 6, 2023
The pound recovered strongly against the US dollar at the end of last week, and a little against the euro. The reason for GBP/USD to gain 2% in one day, to a six-year high, was the latest economic data from the US on Friday. Unemployment in America went up and...
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by Julian Benson | Nov 6, 2023
On Friday, the ISM services PMI for the US fell to 51.8 in October, the lowest in five months and below a consensus of 53. Industries that saw slower increases include business activity & production, and employment. For more on currencies and currency risk...
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by Julian Benson | Nov 6, 2023
The euro area unemployment rate rose to 6.5% in September from 6.4% in August, slightly higher than expectations of 6.4%. The highest jobless rates in the euro area were observed in Spain (12%), Italy (7.4%) and France...
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by Julian Benson | Nov 6, 2023
At the tail end of this week, the Office for National Statistics will release the gross domestic product figures for the UK for quarter three and year-on-year. Markets forecast a 0.6% loss for the annual rate and zero growth for the quarterly result. GBP/USD: the past...
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by Julian Benson | Nov 6, 2023
After surging to a two-week high on Friday, the pound remains strong against the euro this morning and is currently 0.62% higher than last Monday. Against the US dollar, the pound is up 2.40% since this time last week as it soared following the Bank of England’s...
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