by Charles Purdy | Jan 15, 2024
The single currency has been treading water against the US dollar since the start of the year, while the last week saw modest gains against most major currencies. We will shortly hear how the bloc’s largest economy performed last year – with the German economy...
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by Charles Purdy | Jan 15, 2024
Sterling starts in a strong position this week, the best performing major currency so far in 2024 and close to multiweek highs against the euro and US dollar. However, that ebullience may not last the week, with plenty of data to either knock sterling off its perch...
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by Charles Purdy | Jan 15, 2024
Sterling is currently trading close to its highest level against the euro and US dollar since the early autumn, 2% to 3% stronger than the average for GBP/EUR and GBP/USD over the past year. We’re in a busy period for high-level, market-moving data, and Friday’s...
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by Charles Purdy | Jan 12, 2024
The US dollar strengthened sharply yesterday following the news that US inflation has swung upwards again. However, the gains proved short-lived and USD/GBP ended up close to where it started the day. Later today we will hear a reading for PPI, a good indicator of...
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by Charles Purdy | Jan 12, 2024
The euro treaded water yesterday, with nothing to excite the markets, at least on the EUR side of the equation. However, French inflation has just been revealed to be tracking slightly upwards, like the US, and Spanish inflation will be revealed shortly. Next week...
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