by Charles Purdy | Jul 28, 2023
The pound dropped between 1% and 2% against the US and Canadian dollars, yuan and yen yesterday. One cause of that, on a day when there was no major UK data, appears to be comments from ECB chief Christine Lagarde that the interest rate hiking cycle may be coming to...
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by Charles Purdy | Jul 28, 2023
Despite dropping ahead of the European Central Bank’s (ECB’s) interest rate decision, the pound ended Thursday largely unchanged against the euro. It is around 0.75% up on the start of the week and slightly ahead of this time last month. Against the US dollar,...
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by Julian Benson | Jul 27, 2023
The Federal Reserve’s decision to raise interest rates by a quarter of a percentage marks the US central bank’s 11th hike in the last 12 policy meetings and possibly a final move in its monetary tightening policy. For more on currencies and currency risk management...
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by Julian Benson | Jul 27, 2023
This morning, new figures from the GfK Group revealed Germany’s consumer climate indicator rose slightly to -24.4 in August, up from -25.2 in July. Higher than forecasts, the morale is believed to be boosted by waning pessimism in the hope of calming...
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by Julian Benson | Jul 27, 2023
A week away from the Bank of England’s interest rate decision, the pound’s major influences this week come from other Central Bank interest rate decisions. Sterling has gained 1% since yesterday morning and remains steady ahead of the ECB decision. GBP/USD: the past...
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