by Charles Purdy | Aug 25, 2023
The single currency has gained in a fairly minor way on the pound, Norwegian krone and Swiss franc this week, but more generally it’s been a week of losses. Germany’s Ifo Business Climate data has just come in below expectations at 85.7. Later today ECB president...
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by Charles Purdy | Aug 25, 2023
Sterling’s losses from Wednesday continued yesterday and the pound hits Friday around 0.25% down against the euro, 1.1% down on the US dollar and somewhere between those against other major currencies. That appears to have steadied with today’s consumer confidence...
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by Charles Purdy | Aug 25, 2023
Sterling’s interesting week reaches the last day having lost 1% since Wednesday morning against the euro and closer to 2% against the US dollar since Tuesday. The reason for sterling’s fall has been poor economic data this week that suggest the Bank of England will...
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by Julian Benson | Aug 24, 2023
US durable goods figures for July are expected at 1:30 pm (UK time) today. Following a 4.7% jump in June, markets forecast 0.5% decline. This and US weekly jobless claims could offer more direction for the US dollar. Tomorrow will be dominated by Jerome Powell at...
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by Julian Benson | Aug 24, 2023
The industrial and economic data is coming thick and fast this week, and we have just heard that French business confidence edged down to 96 in August from an upwardly revised 101 in July and expectations of 99. That’s really the high point of the week remaining but...
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