by Christopher Nye | Dec 22, 2023
Sterling fell against most major currencies yesterday, with the notable exception of the US dollar, which itself dropped across the board following a disappointing final reading for US Gross Domestic Product (GDP). The US economy grew by an annualised 4.9% in the...
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by Julian Benson | Dec 21, 2023
Sterling lost approximately half a per cent yesterday against major rivals the euro and US dollar, respectively, immediately after UK inflation eased to 3.9% a 28-month low. The softer-than-expected UK inflation reading of 3.9% reinforced forecasts for the Bank of...
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by Julian Benson | Dec 21, 2023
The GBP/USD rate fell to a daily low yesterday in the early European session following softer-than-expected inflation readings from the UK. 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 | Dec 21, 2023
The euro’s recovery from last week’s lows was stunted yesterday following contractions in construction output and after Monday’s downbeat business sentiment.
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by Julian Benson | Dec 21, 2023
On Friday, we’ll receive data for the core PCE prices in the US, which exclude food and energy. Forecasts expect prices to have increased by 0.2% in November, from 0.2% growth in October. For more on currencies and currency risk management strategies, please get in...
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