by Charles Purdy | Oct 6, 2023
The single currency gained strongly against the US dollar and yuan yesterday, gaining close to half a percent. It has weakened against sterling over the week, so far. Overall it’s been a positive week against the commodity-backed currencies like NOK, CAD and AUD,...
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by Charles Purdy | Oct 6, 2023
The pound has strengthened overall in the past 24 hours, particularly against the US dollar (0.50%) but marginally against the euro too. After a month in which GBP/EUR fell by well over 1%, stability for a week may be welcomed. This morning’s house price falls, as...
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by Charles Purdy | Oct 6, 2023
The pound staged a recovery yesterday, gaining close to half a percent against the US dollar and Chinese yuan, and finishing the day slightly up on the euro. There have been mixed signals on the economy this week from the Purchasing Manager’s Index (PMI) final...
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by Julian Benson | Oct 5, 2023
The ISM services PMI eased to 53.6 in September from 54.5 in August, a six-month high, and this was in line with market expectations.
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by Julian Benson | Oct 5, 2023
Producer prices in the euro area fell by 11.5% in August, following a 7.6% decrease in July, but only slightly off the forecasted 11.6% drop. This decline in producer prices was the sharpest on record and was driven by falling costs for energy and intermediate...
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