by Charles Purdy | Sep 25, 2023
After a difficult week for sterling, where every day saw new falls, you might be forgiven for thinking that the pound was trading at an all-time low. In fact, it is only down 1% on last week, 1.35% on the month, and is still 2.7% stronger than this time last year...
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by Christopher Nye | Sep 22, 2023
The dollar surged in the morning but fell back in the afternoon, wiping out most, but not all, of its gains. It also fell sharply against the Japanese yen. This morning so far there has been more chopping and changing with no clear direction. Flash readings for PMI...
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by Christopher Nye | Sep 22, 2023
The euro had a stronger day, climbing as much as 0.5% against sterling and the Australian dollar. The economic data is coming thick and fast this morning, with a final result for Spanish GDP uprated to 2.2% year on year. There is a lot of PMI data too, and so far we...
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by Christopher Nye | Sep 22, 2023
Sterling has lost 1.35% against the dollar in the past week and 1% against the euro, as a cooling economy allowed the BoE to take its foot off the brake after 14 consecutive interest rate rises. This morning there has been a mass of data including consumer confidence...
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by Christopher Nye | Sep 22, 2023
Sterling weakened by up to 1% against major rivals yesterday before and after the Bank of England (BoE) announced the first pause in interest rate rises since November 2021. Against the euro, sterling hit its lowest since May and against the US dollar its lowest since...
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