by Charles Purdy | Nov 17, 2023
Sterling resumed its stop-start decline against the euro yesterday, reaching its lowest point since mid-May. It’s been a much more positive story against the US dollar, where the pound hit a two month high this week. What could explain the divergence in fortunes? Both...
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by Julian Benson | Nov 16, 2023
The renminbi and yen are at their weakest against the US dollar since 2008 and 1990, respectively. While US president Joe Biden and his Chinese counterpart, Xi Jinping met on Wednesday, it’s unlikely exchange rates were the topic of choice. The Financial Times...
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by Julian Benson | Nov 16, 2023
European stocks remained mixed on Thursday as investors stopped to consider the effects of easing inflation on major eurozone economies. Frankfurt’s DAX 40 extended its gains for a fourth consecutive session yesterday, surging 0.4%, marking its highest levels since...
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by Julian Benson | Nov 16, 2023
As UK inflation fell to 4.6% in October, the Office for National Statistics revealed that food and non-alcoholic drinks dropped 10.1% in October, down from 12.2% in September. Milk prices dropped 1.8% and butter prices dropped 6.1%, while sugar prices are currently...
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by Julian Benson | Nov 16, 2023
The pound lost a third of a per cent against the US dollar and euro following softer-than-expected UK inflation figures and a mixed bag of US data. The Canadian dollar rose higher yesterday as investors debated the risk sentiment surrounding the US dollar as multiple...
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