by Charles Purdy | Nov 10, 2023
The pound posted modest losses of below a quarter per-cent against the US dollar and the euro yesterday, as markets braced themselves for underwhelming growth data. The UK’s GDP read for the quarter came in unchanged this morning, in line with most analysts’...
read more
by Julian Benson | Nov 9, 2023
Professional services firm PwC upgraded its forecasts for the UK economy, which it expects to grow 0.5% in GDP this year and next. PwC’s previous outlook, released in April, predicted 0.1% growth for 2023. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
read more
by Julian Benson | Nov 9, 2023
Sterling made marginal losses yesterday against the US dollar but has regained some strength this morning. The euro also gained just over a quarter of a per cent against the US dollar yesterday and remains strong this morning. Matching comments from the Bank of...
read more
by Julian Benson | Nov 9, 2023
The US dollar-to-pound rate is 0.2% lower than this time yesterday, taking its weekly losses to just under 1.0%. A cautious tone remains for US investors and Powell’s speech remains in focus. For more on currencies and currency risk management strategies, please get...
read more
by Julian Benson | Nov 9, 2023
European shares have struggled for direction this week and were set for a muted open this morning. Yesterday ECB chief economist said he had not seen enough progress in taming inflation.
read more
