by Julian Benson | Jul 31, 2023
The pound soared to fresh 2023 highs against the euro and dollar in mid-July before stalling, but the Bank of England’s Thursday interest rate decision could revitalize said rally should a smaller rate hike please investors. GBP/USD: the past year 1 Min 5 Min 1 Hr 1...
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by Julian Benson | Jul 31, 2023
After an exciting week of two interest rate hikes from the European Central Bank and the Federal Reserve, the pound starts this week 0.75% up on the euro. It remains largely unchanged against the US dollar ahead of the Bank of England’s interest rate decision on...
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by Charles Purdy | Jul 31, 2023
Sterling has started the week nervously, but remains about 0.75% stronger than last Monday against the euro. As we reach the last day of the month it also ends July up on the euro and 1.75% better against the US dollar. This is a big week for sterling, and for the...
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by Charles Purdy | Jul 28, 2023
The US dollar surged upwards yesterday following excellent economic data. In one day it gained around 1.5% against the pound and euro and almost double that against the Australian dollar. New orders for US manufactured durable goods increased 4.7% in June 2023, the...
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by Charles Purdy | Jul 28, 2023
The single currency lost out against most major currencies yesterday following “marginally doveish” comments from the ECB president Christine Lagarde yesterday, even after they raised interest rates to their highest level in Europe for 22 years. Before that, Spanish...
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