by Charles Purdy | Mar 9, 2026
Sterling hit a four-week high against the euro on Friday and despite a small dip so far this morning it remains strong, close to its best since last July. It is struggling against the US dollar, Canadian dollar and Japanese yen, but the events of the past week have...
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by Christopher Nye | Mar 6, 2026
It’s Non-Farm Payrolls day in the USA. Following a better-than-expected result last month, a severe reduction in the number of new jobs is expected this afternoon. NFP does tend to carry surprises though. Next week we’ll get the inflation reading, but events in the...
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by Christopher Nye | Mar 6, 2026
The euro has been the biggest currency loser from the Iran war so far, with European economies especially affected by rising oil prices. European Central Bank president Christine Lagarde will be talking today, as have other ECB interest rate setters, and the markets...
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by Christopher Nye | Mar 6, 2026
Sterling gained some ground yesterday, recovering to its best against the euro for close to a month – well before the new Iran war began – as bond yields and stock markets held firm. Following a better than expected Halifax house price index this morning, the next...
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by Charles Purdy | Mar 6, 2026
Despite the negative political mood music and handwringing over the UK’s defence embarrassments, on the economic front the pound has been in recovery. It has gained close to 1% on the euro over the past week, to its best since mid-February. Although it has lost a...
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