USD: Up 1.9% on the euro this week

by | Aug 3, 2023

The US dollar rallied to fresh multi-week highs against the euro on Wednesday, boosted by private sector employment which exceeded market expectations by 135,000 jobs. For more on currencies and currency risk management strategies, please get in touch with your Smart...


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GBP: pound at 3-week low ahead of BoE meeting

by | Aug 3, 2023

There remains uncertainty around the magnitude of the Bank of England’s rate increase, as investors are divided between a 25 and 50 basis point hike. A rise of 25 basis points would take the rate to a 15-year high of 5.25%. GBP/USD: the past year 1 Min 5 Min 1 Hr 1...


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Will the pound sway on interest rate decision day?

by | Aug 3, 2023

The pound’s downward spiral continued yesterday and is currently 0.3% and 2.15% worse off against the euro and US dollar, respectively, since Monday. However, the Bank of England’s (BoE’s) interest rate decision at midday today could change it all. For anyone looking...


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Sterling weakens as interest rate doubts rise

by | Aug 2, 2023

Sterling dropped around half a percent against the euro and US dollar yesterday. The prompt was the rising belief among investors that the Bank of England is going to ease up slightly on its interest rate rises, with just an increase to 5.25% rather than 5.50%. Of...


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