by Charles Purdy | Oct 17, 2023
The pound strengthened yesterday, ahead of a week of data. This morning’s earnings data showed that interest rate rises may be starting to deter firms from agreeing large pay settlements. The rise was 7.8% excluding bonuses, showing a real terms (i.e. allowing for...
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by Charles Purdy | Oct 17, 2023
Sterling had a positive start to the week, strengthening against all major currencies yesterday, including by close to 0.75% against the US dollar and Japanese yen. This morning it has declined a little, after earnings data fell slightly more than expectations,...
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by Julian Benson | Oct 16, 2023
The US dollar rebounded on Friday as investors worldwide turned to the greenback as a safe-haven asset amid rising geopolitical tensions. The pound continued to plummet against the dollar late last week and lost 0.2% against the euro on Friday. This morning, the pound...
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by Julian Benson | Oct 16, 2023
For US investors, the key focus will be highly anticipated earnings reports from large businesses such as Tesla, Bank of America, Netflix, and Johnson & Johnson. There are several speeches this week from the Federal Reserve and data includes retail sales, building...
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by Julian Benson | Oct 16, 2023
President of the European Central Bank, Christine Lagarde said on Friday that the Bank’s last dovish interest rate hike could be the last one, but it won’t be the end of monetary restraint.
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