by Julian Benson | Oct 9, 2023
On Friday, US non-farm payrolls surpassed market expectations of 170,000 in September with a reading of 336,000. This result gave the Federal Reserve enough fuel to keep interest rates higher for longer. Following this surprisingly upbeat reading, the pound and euro...
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by Charles Purdy | Oct 9, 2023
The pound starts the week close to where it started out last week against the euro and US dollar. That is still around 10% up on last year against the dollar and a little up on the euro, so perhaps worth fixing with a forward contract if you have a transaction you are...
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by Charles Purdy | Oct 6, 2023
After strengthening early yesterday the dollar weakened against the euro and sterling over the course of the day, taking USD/GBP close to 1% down from its peak on Wednesday. This afternoon we will hear the monthly Non-Farm Payrolls result, the best guide to the...
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by Charles Purdy | Oct 6, 2023
The single currency gained strongly against the US dollar and yuan yesterday, gaining close to half a percent. It has weakened against sterling over the week, so far. Overall it’s been a positive week against the commodity-backed currencies like NOK, CAD and AUD,...
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by Charles Purdy | Oct 6, 2023
The pound has strengthened overall in the past 24 hours, particularly against the US dollar (0.50%) but marginally against the euro too. After a month in which GBP/EUR fell by well over 1%, stability for a week may be welcomed. This morning’s house price falls, as...
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