by Charles Purdy | Sep 20, 2023
The dollar weakened yesterday morning, but had largely regained those losses by the end of the day against sterling, and this has been boosted by UK inflation today. Yesterday’s mixed signals on housing, which is directly and rapidly affected by interest rate policy,...
read more
by Charles Purdy | Sep 20, 2023
The euro had a broadly negative day, weakening by between a third and half a percent against the Norwegian krone and various non-US dollars. Final results for inflation came in broadly as expected, with eurozone core inflation at 5.3% and CPI inflation dropping...
read more
by Charles Purdy | Sep 20, 2023
That latest inflation data for the UK shows Consumer Price Inflation (CPI) dropping to 6.7%, and the effect this could have on the BoE’s interest rate decision tomorrow has already created ripples in the markets. Aside from that, tomorrow there will be data on public...
read more
by Charles Purdy | Sep 20, 2023
This morning’s inflation figure has sent the pound to a new low for the month against the euro and its lowest against the US dollar since May. The UK’s inflation figure has just come in at 6.7%, slightly lower than last month but significantly lower than expectations...
read more
by Charles Purdy | Sep 19, 2023
It was the quietest of days for the US dollar, likely to be the calm before the storm with the interest rate decision tomorrow. In reality, it is more the commentary from the FOMC signposting future monetary policy decisions that is likely to affect exchange rates....
read more
