by Charles Purdy | Jul 21, 2023
The dollar has staged something of a comeback in recent days, climbing by around 0.5% against both the euro and pound yesterday. Thursday’s data releases were a mixed bag, including initial jobless claims well below expectations, but existing home sales well down, by...
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by Charles Purdy | Jul 21, 2023
It was all downhill for the single currency yesterday, with losses of between 0.2% against the British pound and as much as 1.3% against the Chinese yuan adding up to its worse day for over a month. Taking the week as a whole, however, it’s a more mixed picture, with...
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by Charles Purdy | Jul 21, 2023
Sterling ends the week around 1% down on average against its major rivals, with more notable losses against the US and Canadian dollars and the Norwegian krone, and 0.75% down on the euro. However, retail sales have this morning helped to put a floor on the losses,...
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by Charles Purdy | Jul 21, 2023
Yesterday sterling regained a little of its losses against the euro, but remains close to 1% down on where it was before Wednesday’s inflation announcement. A more muted recovery against the US dollar, with the pound still 1.7% down on last Friday, but strengthening...
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by Julian Benson | Jul 20, 2023
Yesterday the pound experienced its biggest one-day loss in over a month after UK inflation slowed faster than expected in June. Sterling lost just over 1% against the euro and close to 1.3% against the US dollar. The pound has regained some of these gains this...
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