by Charles Purdy | Sep 13, 2023
Sterling’s losses against the euro continued yesterday, taking the loss to almost 1% over the week and its worst position for a month after the GDP data this morning. It’s been more patchy against the US dollar but sterling remains down over the week, further weakened...
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by Charles Purdy | Sep 13, 2023
Sterling weakened against the euro and US dollar yesterday, following mixed economic reports from the UK and the eurozone. That has been exacerbated this morning, with bad news in the form of falling Gross Domestic Product (GDP) knocking another third of a percent or...
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by Charles Purdy | Sep 12, 2023
The US dollar had a poor day yesterday, sinking on the back of a surprise intervention from the People’s Bank of China which confirmed it will prevent ant “over-adjustment” risk in the yuan. The US dollar fell over 1% against the Chinese yuan, Japanese yen and...
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by Charles Purdy | Sep 12, 2023
The euro maintained its position against the US dollar yesterday, not straying far from the three-month low it hit on 7 September. Compared to this time last week, the euro is 0.35% lower against the US dollar and 0.35% up against the...
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by Charles Purdy | Sep 12, 2023
Speaking in India yesterday, chancellor Jeremy Hunt warned the pace of high inflation will prevent pre-election tax cuts in Britain as signs emerge that the Bank of England will raise interest rates next week to ease cost-of-living pressures. GBP/USD past year 1 Min 5...
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