by Charles Purdy | Nov 14, 2023
Sterling has strengthened across the board at the start of the week, following what the markets apparently see as reassuring news – centrists taking more power in the heart of government – and a strong labour market continuing, with earnings outpacing inflation....
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by Charles Purdy | Nov 14, 2023
The pound gained 0.25% against the euro and a little more against the US dollar in Monday’s session as prime minister Rishi Sunak reshuffled his cabinet. This morning’s unemployment data, and continued rise in earnings above inflation, has further boosted sterling....
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by Julian Benson | Nov 13, 2023
The greenback notched gains against the pound and the euro last week but faces more uncertainty this time around, given renewed fears of a government shutdown. The University of Michigan consumer sentiment index dropped much more sharply than expected, down to 60.4...
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by Julian Benson | Nov 13, 2023
Christine Lagarde was tight-lipped on any upcoming policy changes when she spoke at a Financial Times event on Friday. Commerzbank meanwhile projected that the euro would stage a modest fightback against the US dollar over the next year. We’ll get a chance to look at...
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by Julian Benson | Nov 13, 2023
It’s another big week for UK data, with unemployment and inflation numbers set to give a deeper insight into the state of the country’s finances. The jobless rate is forecast to come in at 4.4% for September from 4.3% in August. More currency volatility should be...
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