by Charles Purdy | Sep 5, 2023
It was a positive day for the single currency yesterday, strengthening against almost all major rivals apart from sterling. Four members of the ECB’s rate-setting panel were speaking yesterday, but without saying anything that particularly spooked or perked up the...
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by Charles Purdy | Sep 5, 2023
Sterling continued its slow but steady rise against the euro yesterday, taking its rise close to 1% since last Tuesday and back to where it started last week against the US dollar. However, that has reversed so far this morning in early trading. The markets are firmly...
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by Charles Purdy | Sep 5, 2023
Sterling strengthened across the board yesterday, on a quiet day for data in the UK and with Labor Day in the US. This morning has been a little more lively so far, with a drop of close to 0.5% against the US dollar and a small but sharp drop against the euro. The...
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by Julian Benson | Sep 4, 2023
On Friday, economists heard that the US unemployment rate rose to 3.8% in August from 3.5% in July. This is the highest rate seen since February 2022. This lowered the odds of further Fed hikes.
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by Julian Benson | Sep 4, 2023
The German trade surplus decreased to €15.9 billion in July from €18.7 bn in June. The latest result was less than market forecasts of €18 bn as exports fell and imports grew.
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