by Julian Benson | Aug 24, 2023
There are two interesting reports today. The first will be coming out shortly, CBI Distributive Trades, which is a measure of retail sales as judged by orders from suppliers. Markets predict it could be the lowest since 2021. Also today, and related, there will be Gfk...
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by Julian Benson | Aug 24, 2023
It was a lively morning for sterling yesterday as it reached its highest point against the euro for nearly a year, but then fell back sharply and ended the day down across the board. Indeed, by the end of the day, GBP/AUD and GBP/JPY were down around 1%. The initial...
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by Julian Benson | Aug 23, 2023
The USD/EUR rate gained 0.5% yesterday despite rate hike jitters weighing on investors’ minds. This takes the greenback’s monthly gains to just over 2.5% higher than this time last month, but whether its strength will continue in the coming days remains to be seen....
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by Julian Benson | Aug 23, 2023
A strong set of PMI prints could give the European Central Bank more confidence that the economy could take another rate hike, which could boost the euro.
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by Charles Purdy | Aug 23, 2023
This morning sterling has hit its highest rate against the euro for nearly a year. Whether this is down to any inherent strength in the pound, or just weakness in the euro, will be a moot point for most clients with a large currency transaction upcoming. They might...
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