by Charles Purdy | Jun 30, 2023
Another mixed day for the dollar, strengthening well against the euro and a little against the yen and yuan, but sliding against the pound and other dollars. This came against the backdrop of a stronger than expected US economy, with GDP at 2% rather than the expected...
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by Charles Purdy | Jun 30, 2023
The single currency weakened marginally across the board yesterday, by up to 0.5%. A mixed pattern is emerging for the eurozone economy, with inflation continuing to fall (even below the ECB’s 2% target in Spain). We will very shortly hear both the unemployment rates...
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by Charles Purdy | Jun 30, 2023
A busy week for sterling appears so far to be ending on a rising note, with GDP data confirming that the UK avoided recession at the start of the year and the pound tracking higher. House prices showed a modicum of recovery in June, according to the Nationwide....
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by Charles Purdy | Jun 30, 2023
Sterling recovered some of Wednesday’s losses against the euro yesterday, while drifting further against most other currencies. This morning so far it appears to be tracking upwards again, with the confirmation that the UK economy avoided a recession during the...
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by Charles Purdy | Jun 29, 2023
It was a strong day for the dollar, strengthening by a good 0.5% or so against all its major rivals as Fed Chair Jerome Powell warned of future interest rate hikes. The biggest rise was against sterling, where the greenback starts today around 0.9% up on yesterday...
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