by Charles Purdy | Sep 19, 2023
A broadly positive day for the single currency yesterday saw growth against the pound and Norwegian krone in particular. A couple of ECB interest rate setters were speaking yesterday and a host more will be speaking tomorrow, but the big event of today will be a final...
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by Charles Purdy | Sep 19, 2023
With losses mounting up for sterling, the next 48 hours or so will be a critical period. Tomorrow morning we will see inflation data; not just the headline rate that will include the oil price rise but also the various metrics such as core inflation that give a more...
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by Charles Purdy | Sep 19, 2023
Sterling lost against most major currencies yesterday, although by less than a third of a cent against the euro and barely at all against the US dollar. However, the cumulative effect is that GBP/USD is securely at its lowest point since June and GBP/EUR is at its...
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by Charles Purdy | Sep 18, 2023
It’s a big week for exchange rates, as the Bank of England (BoE) and US Federal Reserve follow the European Central Bank last week with a decision on interest rates. Since all three central banks started seriously raising rates in early spring 2022 in the wake of...
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by Charles Purdy | Sep 18, 2023
After gaining over 1% against sterling last week and 0.6% against the euro, there has been little movement so far this morning for the US dollar. Ahead of the interest rate decision from the Fed this week, there will be data on new building permits tomorrow. However,...
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