by Christopher Nye | Jun 15, 2023
On Wednesday markets heard news of the UK’s economy returning to growth in April, with a rise of 0.2%, in line with market forecasts. This was largely fuelled by rising car sales and consumer spending in pubs and bars. Pound-watchers will be keeping an eye on how this...
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by Christopher Nye | Jun 15, 2023
Sterling enters the day over half a per cent stronger than the euro compared to this time last Thursday and ahead of the European Central Bank’s (ECB’s) big interest rate decision at 1:15pm today. The ECB is expected to hike rates by 25 basis points (bps) to 4%, in...
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by Charles Purdy | Jun 14, 2023
It’s not been a week for the fainthearted if you’re committed to a major transaction abroad, with sterling rising and falling sharply against the euro and US dollar as it’s buffeted by economic news and rumours on interest rates. Yesterday’s jobs data for the UK...
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by Julian Benson | Jun 14, 2023
After soaring to a fresh year-high on Monday, the pound quickly lost its gains against the euro yesterday morning as UK jobless rate came in lower than expected. However, sterling managed to make up most of its losses throughout the course of Tuesday and is currently...
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by Julian Benson | Jun 14, 2023
Government borrowing costs in the UK have risen to levels not seen since Liz Truss’ premiership and last September’s mini-budget crisis. This comes as fresh economic data hiked interest rate expectations. The Bank of England is due to deliver the latest interest rate...
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