by Julian Benson | Oct 24, 2023
The euro strengthened decisively against all but the pound yesterday, including by more than 0.5% against all the major dollar currencies. This was despite the ropy state of much of the eurozone economy, and the widely viewed prospect of no interest rate rise when the...
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by Julian Benson | Oct 24, 2023
Sterling bounced back to its strongest position for 12 days against the dollar yesterday, although there was nothing decisive about GBP/EUR. Data released this morning, so far, have been UK unemployment from the Office for National Statistics, delayed by a week, but...
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by Julian Benson | Oct 24, 2023
Sterling was strongly supported yesterday, strengthening between 0.5 and 0.75% against the US dollar and yen, slightly less against other major rivals and remaining stable against the euro. This was despite a dearth of data yesterday. No shortage of data this morning,...
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by Julian Benson | Oct 23, 2023
On Thursday last week, Fed chairman Jerome Powell suggested the central bank had no immediate plans to raise rates but commented that inflation remains “too high.”
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by Julian Benson | Oct 23, 2023
On Thursday, the European Central Bank will meet to decide whether to raise interest rates from 4.5%. Economists have priced in a pause in rate hikes as Lagarde hinted last week.
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