by Julian Benson | Sep 28, 2023
The pound decreased to a 27-week low against the US dollar yesterday after underperforming in recent sessions. However, high interest rates may attract more support for the GBP/USD rate. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Sep 28, 2023
The US dollar continued its rally against rival currencies, the euro and pound, yesterday as the bleak economic outlook weighs on investor’s minds and US economists keep an eye on political developments. The pound made marginal gains against the euro yesterday...
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by Charles Purdy | Sep 27, 2023
Sterling has been weakening steadily against the US dollar and a bit more rapidly against the euro. However, it remains well above the average of 2023 against both, and is worth fixing with a forward contract if you want the security of having a budget abroad that you...
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by Julian Benson | Sep 27, 2023
Early this afternoon, the data for US durable goods orders will be released. Markets expect orders to decline 1.4% in August from a 5.2% decrease just a month before. July’s result marked the sharpest decline since April 2020. For more on currencies and currency risk...
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by Julian Benson | Sep 27, 2023
This morning the European Central Bank’s non-monetary policy meeting will be held ahead of the central bank’s general council meeting tomorrow. After that, several policymakers including McCaul and Enria are due to speak out on the Bank’s economic...
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