by Julian Benson | Sep 28, 2023
US stock The Dow Jones lost more ground yesterday as the threat of a governmental shutdown loomed. On Tuesday, it lost nearly 400 points after the latest home sales results and shed nearly 110 yesterday. For more on currencies and currency risk management strategies,...
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by Julian Benson | Sep 28, 2023
When asked when the rate hiking cycle would end, European Central Bank member, Frank Elderson, said, “There is still a lot of uncertainty. That’s why we take these decisions meeting-by-meeting, on a data-dependent...
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by Julian Benson | Sep 28, 2023
The pound decreased to a 27-week low against the US dollar yesterday after underperforming in recent sessions. However, high interest rates may attract more support for the GBP/USD rate. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Sep 28, 2023
The US dollar continued its rally against rival currencies, the euro and pound, yesterday as the bleak economic outlook weighs on investor’s minds and US economists keep an eye on political developments. The pound made marginal gains against the euro yesterday...
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by Charles Purdy | Sep 27, 2023
Sterling has been weakening steadily against the US dollar and a bit more rapidly against the euro. However, it remains well above the average of 2023 against both, and is worth fixing with a forward contract if you want the security of having a budget abroad that you...
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