by Julian Benson | Jul 27, 2023
Yesterday the Federal Reserve raised interest rates by 25 basis points to 5.5% in July from 5.25% in June. This is the highest rate since January 2001 and the 11th consecutive rate hike in the U.S. central bank’s past 12 policy meetings. The pound carried Tuesday’s...
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by Charles Purdy | Jul 26, 2023
Sterling turned a corner yesterday following seven straight days of losses against the US dollar (worse showing since the start of the pandemic). The pound gained 0.7% against the greenback and the euro. The cause of the rise was probably the IMF pointing out that the...
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by Julian Benson | Jul 26, 2023
The dollar index extended its gains for the sixth consecutive session to 101.5 on Tuesday. The index hasn’t seen this level in just over two weeks as traders cautiously await the Federal Reserve’s interest rate decision later today. Against the Japanese yen, the US...
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by Julian Benson | Jul 26, 2023
The Ifo business climate indicator for Germany fell for the third consecutive month to 87.3 in July, representing an 8-month low. This suggests inflationary pressures are weighing down on the economy.
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by Julian Benson | Jul 26, 2023
The Confederation of British Industry’s quarterly gauge of manufacturing optimism in the UK improved to +6 in Q3 of 2023 from -2 in the previous period. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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