by Charles Purdy | Sep 8, 2023
The dollar was pegged back slightly in quiet trading yesterday. However, overall the past week has been good for the dollar, including a 0.75% rise against the pound and 0.5% against the euro. There was a lot of lower-level data to sort through yesterday, including...
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by Charles Purdy | Sep 8, 2023
A mixed day for the euro yesterday reaches the end of a mixed week but generally negative month. The single currency lost out to the Scandinavian and Antipodean currencies while gaining on the pound and USD yesterday, but it was all quite marginal, as the markets...
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by Charles Purdy | Sep 8, 2023
The pound moved very little yesterday, but most movements were to the negative. Yesterday’s house price data came as a nasty surprise to the markets, with a 1.9% fall in prices in August. The clue was in the BBA Mortgage Rate, which increased to 7.85%, its highest for...
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by Charles Purdy | Sep 8, 2023
After a busy week where the sterling-to-euro rate has swung by 1%, it reaches Friday close to where it started the week. A very different story against the US dollar, however, with a 1.3% loss since last Friday taking it to 2% worse off over the month. Yesterday’s...
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by Julian Benson | Sep 7, 2023
The ISM services PMI surprised economists in August, jumping to 54.5 from 52.7 in July and compared to forecasts of 52.5. This reflects the largest sector growth in six months and was largely fuelled by increases in new orders and inventories. For more on currencies...
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