by Charles Purdy | Jun 12, 2023
The pound strengthened to its best since last August on Friday against the euro, and has remained there or thereabouts so far this morning. It is around 0.5% or so above where it was last Monday, but has been described as “frothy” by some analysts, suggesting it is...
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by Charles Purdy | Jun 9, 2023
The dollar declined essentially across the board yesterday, by close to 1%, including against the pound. The main prompt was a further softening of the US jobs market, further weakening the likelihood of an interest rate rise from the US Federal Reserve (“the Fed”)...
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by Charles Purdy | Jun 9, 2023
It was a decidedly mixed day for the single currency yesterday, with modest falls against the pound, yen and Aussie dollar, but sizeable rises of 0.5% to 0.75% against the US and Canadian dollars and renminbi. The eurozone was revealed to have been in a mild recession...
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by Charles Purdy | Jun 9, 2023
Another strong day for the pound yesterday saw it again challenging for its highest point against the euro since summer 2022, but falling slightly short. Against the US dollar, sterling strengthened to its best position since early May. However, there are suggestions...
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by Charles Purdy | Jun 9, 2023
Sterling has remained strong this week, certainly relative to the first few months of 2023, against both the euro and US dollar. Bad economic news broke out all over the Western world this week, with the eurozone in recession, American unemployment rising and British...
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