by Christopher Nye | Dec 22, 2023
Steep falls across the board yesterday for the dollar as the US economy appeared to be slowing down. There are some data releases this afternoon, including Personal Consumption Expenditures (PCE), before things slow down, although not stop, next week. On Boxing Day...
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by Christopher Nye | Dec 22, 2023
The single currency strengthened against the pound and US dollar yesterday, although the gains were fairly modest. It will be a busy end of the week for data, with business confidence readings for several European economies, plus Spanish GDP. While much of the UK may...
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by Christopher Nye | Dec 22, 2023
Sterling fell against just about all but the US dollar yesterday, taking it close to 2% down on the week compared to the various non-US dollars and Scandinavian currencies. Less of a drop against EUR and USD (around two thirds of a cent), and GBP/EUR remains above...
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by Christopher Nye | Dec 22, 2023
Sterling fell against most major currencies yesterday, with the notable exception of the US dollar, which itself dropped across the board following a disappointing final reading for US Gross Domestic Product (GDP). The US economy grew by an annualised 4.9% in the...
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by Julian Benson | Dec 21, 2023
Sterling lost approximately half a per cent yesterday against major rivals the euro and US dollar, respectively, immediately after UK inflation eased to 3.9% a 28-month low. The softer-than-expected UK inflation reading of 3.9% reinforced forecasts for the Bank of...
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