by Charles Purdy | Aug 21, 2023
Sterling continues to hover close to its highest point since last August against the euro, where it has been for the last week. That’s 1% above last Monday and a good 1.3% above where it was a month ago. Worth locking in with a forward contract? Why not discuss your...
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by Charles Purdy | Aug 18, 2023
While the overall picture was more mixed for the US dollar yesterday, USD/CNY hit 7.316, it’s highest level since before the global financial crisis. Most of that change actually comes from problems on the Chinese side of the equation, but the dollar has been on the...
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by Charles Purdy | Aug 18, 2023
It’s been a mixed period for the single currency, with losses of over 1% against the pound and US dollar but large gains against most other major currencies, most notably the Australian and New Zealand dollars and Scandinavian currencies. It’s been a relatively quiet...
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by Charles Purdy | Aug 18, 2023
Even with the 0.25% drop this morning following retail sales data, GBP/EUR is still well over 1% up on the week and not far from its highest level for a year. While not quite at those heights against the US dollar, sterling remains slightly ahead of a generally...
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by Charles Purdy | Aug 18, 2023
Sterling has a strongly positive day yesterday, climbing close to its highest position against the euro since last August. The gains were on the back of Wednesday’s inflation data that showed a good enough fall – from 7.9% to 6.8% – that the government felt able to...
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