by Charles Purdy | Jan 30, 2024
Sterling finally hit its highest level against the euro for 18 months yesterday, after threatening to for the whole of January. GBP/EUR is now more than 1.7% stronger than the start of the year and 3% stronger than a year ago. A very different story for GBP/USD,...
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by Charles Purdy | Jan 29, 2024
It’s the start of a week where the pound is about as strong against the euro as any Monday morning since August 2022. To lock that near 18-month high in, call your account manager on 020 8108 5163. The reason for the pound’s boost was the relative positivity – at...
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by Jonathan Cook | Jan 29, 2024
It was a good week for sterling, which ticked up against both the euro and the US dollar. The Bank of England makes its latest interest rate decision this week, amid an improving economic outlook. Last week’s PMI data showed that activity was proving relatively...
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by Jonathan Cook | Jan 29, 2024
The euro recorded marginal losses against the US dollar and a 0.6% dip against the pound in last week’s trading. It’s another busy week for European data, as we’ll get a barrage of inflation and GDP figures. Christine Lagarde said inflation was easing last week, and...
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by Jonathan Cook | Jan 29, 2024
The US dollar lost around 0.5% to the pound last week, while USD/EUR advanced by a quarter of a per cent. The Federal Reserve is widely expected to be the first to cut interest rates this year, but we may have to wait a little longer. Chair Jerome Powell has been...
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