by Charles Purdy | Oct 30, 2023
The pound has remained becalmed – “range-bound” to use the economic jargon – for the past two weeks, at a point around 1.5% weaker than in the summer. On the other hand, it is still close to 1.5% stronger than last winter and early spring. So it is (a) not so bad a...
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by Julian Benson | Oct 27, 2023
As geopolitical tensions continue to rise in the Middle East, the Israeli shekel, lost 0.25% against the dollar yesterday, falling to a 10-year low. For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business...
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by Julian Benson | Oct 27, 2023
At yesterday’s ECB press conference, president, Christine Lagarde, said the euro area economy “remains weak”. She touched on tighter financing conditions and the weakening services sector which are weighing on investment and spending. She added, “As inflation falls...
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by Julian Benson | Oct 27, 2023
New distributive trade figures from the CBI reveal that UK retail sales fell in the year to October and at a faster pace than in September. This marks the sixth consecutive month of decline, and the CBI expects sales volumes to continue the downward trend. GBP/USD:...
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by Julian Benson | Oct 27, 2023
The European Central Bank chose to keep interest rates unchanged at 4.5% in October and as a result, the euro lost 0.25% and 0.5% against the pound and US dollar, respectively. Economists were prepared for this decision but were eager to determine if ECB policymakers...
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