by Julian Benson | Jul 19, 2023
The euro strengthened to its highest level since February 2022 against the US dollar on Tuesday. Its strength could be credited to investor comments that predict the European Central Bank will continue hiking interest rates to tackle...
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by Julian Benson | Jul 19, 2023
Following a better-than-expected inflation reading, the Bank of England won’t be required to hike interest rates as aggressively as previously expected on August 3rd.
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by Julian Benson | Jul 19, 2023
This morning the annual inflation rate in the UK dropped to 7.9% in June from 8.3% in May. This is the lowest level since March 2022 and slightly below expectations of 8.2%. The pound promptly lost 0.5% against the euro and is currently 1.7% lower than this time last...
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by Charles Purdy | Jul 18, 2023
A mixed day for the US dollar yesterday saw no great movement against the pound and euro, but strengthened by close to 0.5% against the Chinese yuan. While there was no significant data yesterday from the US, later today we will hear retail sales, which are expected...
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by Charles Purdy | Jul 18, 2023
The euro had a positive day, despite a dearth of market-moving data. Italian inflation has fallen significantly, to 6.4%, but remains well above the eurozone average of 5.5%. There is little data today, but a final result for eurozone inflation tomorrow. Of more worry...
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