by Charles Purdy | Sep 14, 2023
The pound remained level overall yesterday, but there is no disguising that it’s been on a negative run, losing between 0.7 and 0.9% in the past week against the Aussie, NZ and Canadian dollars and a little less against EUR and USD. There’s a slight let up in the data...
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by Charles Purdy | Sep 14, 2023
In a hectic day for the markets, the pound dropped against the euro, dropped again, and then gradually recovered to end the day precisely where it began. There was a similarly pleasing symmetry to GBP/USD too but behind the graphs there was some fascinating data that...
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by Charles Purdy | Sep 13, 2023
The economic data has been flying in this week, not just in the UK but in the eurozone and USA too, and the currency markets have been reacting as we reach the end of the ‘interest rate raising cycle’, as economists put it. For homeowners with mortgages it cannot come...
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by Charles Purdy | Sep 13, 2023
The dollar took the opposite direction to the euro, strengthening sharply in the day and then dissipating during the afternoon session. This was despite there being very little data yesterday. That will change today with the inflation result for August. The markets...
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by Charles Purdy | Sep 13, 2023
After something of a wobble midday it ended as a positive day for the single currency. This morning EUR/GBP has been boosted by the UK’s GDP data to its best level for exactly one month. Spanish inflation came in where expected at 2.4% yesterday, but the bigger event...
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