by Julian Benson | Sep 11, 2023
After a rocky start to September, the US dollar gained almost 1% against the pound and 0.6% against the euro last week as traders became increasingly convinced that the Federal Reserve will keep interest rates higher for longer. The FAO World Food Price Index declined...
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by Charles Purdy | Sep 11, 2023
The pound has pulled back a little against the US dollar, gaining close to 0.5% this morning. However, this does have something of the dead cat bounce about it, coming as it does after roughly a 5% fall from its height in mid-summer. GBP/USD’s drop has been a...
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by Charles Purdy | Sep 8, 2023
The dollar was pegged back slightly in quiet trading yesterday. However, overall the past week has been good for the dollar, including a 0.75% rise against the pound and 0.5% against the euro. There was a lot of lower-level data to sort through yesterday, including...
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by Charles Purdy | Sep 8, 2023
A mixed day for the euro yesterday reaches the end of a mixed week but generally negative month. The single currency lost out to the Scandinavian and Antipodean currencies while gaining on the pound and USD yesterday, but it was all quite marginal, as the markets...
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by Charles Purdy | Sep 8, 2023
The pound moved very little yesterday, but most movements were to the negative. Yesterday’s house price data came as a nasty surprise to the markets, with a 1.9% fall in prices in August. The clue was in the BBA Mortgage Rate, which increased to 7.85%, its highest for...
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