by Charles Purdy | Nov 15, 2023
The pound climbed sharply upwards yesterday, gaining close to 2% on the US dollar and more than 1% on the yen and Canadian dollar. The rise against the euro was more modest, at a quarter of a percent, but welcome nonetheless after days of declines. To take advantage,...
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by Charles Purdy | Nov 15, 2023
News that all major categories of US CPI decreased in October was greeted warmly by markets, as expectations grew that the Federal Reserve would not have to raise interest rates again. The price of US treasury bonds jumped, pushing the yield on those bonds down to...
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by Charles Purdy | Nov 15, 2023
The euro mirrored sterling’s strong performance against the greenback yesterday. It’s not been since March that the key German consumer confidence survey – the ZEW – has been this high. The index rose by almost 5 points more than had been expected. It’s now at...
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by Charles Purdy | Nov 15, 2023
The pound responded positively to cooling inflation data on both sides of the Atlantic and is now up by almost 2 cents against the US dollar. The pace of UK wage increases eased slightly in the three months to September as hiring slowed, the ONS reported. Excluding...
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by Charles Purdy | Nov 15, 2023
The pound gained more than two cents against the US dollar yesterday and is now up 1.5% from where it began the week. This morning’s figures showed that UK inflation fell to 4.6% in October from 6.7% last month, its lowest level since 2021 and marking the largest...
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