by Julian Benson | Oct 24, 2023
The dollar weakened almost across the board yesterday, in a quiet start of the week for data. This afternoon we will get flash readings for PMI, with both services and manufacturing finely balanced around 50. Over 50 denotes that business leaders are optimistic, while...
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by Julian Benson | Oct 24, 2023
The euro strengthened decisively against all but the pound yesterday, including by more than 0.5% against all the major dollar currencies. This was despite the ropy state of much of the eurozone economy, and the widely viewed prospect of no interest rate rise when the...
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by Julian Benson | Oct 24, 2023
Sterling bounced back to its strongest position for 12 days against the dollar yesterday, although there was nothing decisive about GBP/EUR. Data released this morning, so far, have been UK unemployment from the Office for National Statistics, delayed by a week, but...
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by Julian Benson | Oct 24, 2023
Sterling was strongly supported yesterday, strengthening between 0.5 and 0.75% against the US dollar and yen, slightly less against other major rivals and remaining stable against the euro. This was despite a dearth of data yesterday. No shortage of data this morning,...
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by Julian Benson | Oct 23, 2023
On Thursday last week, Fed chairman Jerome Powell suggested the central bank had no immediate plans to raise rates but commented that inflation remains “too high.”
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