by Charles Purdy | Aug 30, 2023
Sterling had a mixed start to the working week, with small gains against the US dollar and slightly larger losses against the euro. For GBP/EUR, while the pound is clinging on close to the highs it reached at the start of summer, the past week has seen losses of...
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by Charles Purdy | Aug 29, 2023
The US dollar has weakened slightly against the euro, pound and Australian dollar since the weekend. Yesterday was a quiet day for data but today we get the first of the main employment readings with JOLTS job openings this afternoon. The markets will be keeping a...
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by Charles Purdy | Aug 29, 2023
The single currency has remained steady over the last day or two, strengthening slightly against the Japanese yen and Canadian dollar. This morning it has started to slide in early trading. We have just heard the GfK Consumer Confidence reading for Germany which...
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by Charles Purdy | Aug 29, 2023
There has been no clear direction for sterling so far this week and it is a quiet week for data. So far so good this morning, however. Tomorrow there will be some figures on mortgage approvals and Bank of England consumer credit, and then on Friday there is housing...
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by Charles Purdy | Aug 29, 2023
Sterling barely moved over the Bank Holiday weekend and starts the working week around 0.5% down on the week against the euro and over 1% down on the US dollar. However, last week’s declines have not been repeated so far. Friday ended with the central bankers’...
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