by Charles Purdy | May 26, 2023
It’s been a strong week for the US dollar, powered by hopes of a breakthrough in ongoing debt-ceiling talks that have seen it strengthen by over 2% against the Australian and New Zealand dollars and 0.5% to 1.5% against its other main currency rivals. Those debt...
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by Charles Purdy | May 26, 2023
The single currency strengthened across the board yesterday, although only marginally, by less than 0.2%. Over the week, it has recorded a small loss against the US dollar (down around 0.6%) but is 0.3% stronger against the pound. The news of Germany’s recession was...
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by Charles Purdy | May 26, 2023
The pound has been dancing around close to its highest point against the euro in 2023 but without breaking any new ground yesterday, despite the upbeat assessment of the IMF for the UK economy and with inflation data strongly suggestive of more interest rate rises....
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by Charles Purdy | May 26, 2023
Sterling hit the high notes again yesterday morning – although without breaking any new ground after Wednesday’s six-month high – before declining against the euro in the afternoon session. This morning it sits around 0.3% off its strongest point of the week, but...
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by Julian Benson | May 25, 2023
Following yesterday’s news of slowing UK inflation, the pound surged to its highest level against the euro since December but was unable to maintain said gains. Instead, sterling lost close to 0.5% and 0.34% respectively, against the US dollar and euro amid concerns...
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