by Charles Purdy | Jul 14, 2023
Sterling gained around 1% against the US dollar yesterday, hitting its highest level since March 2022 and 5% above its average over the past five years. There were similar gains against other major rivals but against the euro it was more muted at about 0.25% over the...
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by Julian Benson | Jul 13, 2023
The pound struggled to maintain Tuesday’s strength against the euro yesterday as it plummeted close to 0.75%. It was a different story for the pound-to-US-dollar rate, however, as sterling gained a further 0.73% on Wednesday, surpassing Tuesday’s 15-month high....
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by Julian Benson | Jul 13, 2023
After lunch, US producer price inflation figures are expected to increase 0.1% month-over-month in June, following a 0.3% decline in May. For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader...
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by Julian Benson | Jul 13, 2023
The annual inflation rate in France declined to 4.5% in June 2023, from 5.1% in May. This suggests that the ECB’s hawkish stance has been somewhat successful.
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by Julian Benson | Jul 13, 2023
The Royal Institution of Chartered Surveyors (RICS) house price balance survey, which measures the gap between people seeing rises and falls in house prices, fell to -46 in June from -30 in May. Chief economist at RICS, Simon Rubinsohn said, “The latest increase in...
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