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Sterling stages steady recovery

by | Aug 9, 2023

Sterling has continued its recovery in early trading this morning, gaining around half a cent against the euro since Monday morning and now slightly ahead of its position last Wednesday. There has been plenty of movement against the US dollar too, but no clear...


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EUR: Up against the dollar

by | Aug 8, 2023

The euro regained some strength (0.3%) yesterday, following last Thursday’s one-month low as the Bank of England raised interest rates. The euro is currently a whopping 8% up since this time last year.


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GBP: Goldman Sachs GBP downgrades outlook

by | Aug 8, 2023

Wall Street bank, Goldman Sachs lowered their forecasts for the pound-to-euro rate in the wake of the Bank of England’s 25-basis point rate hike. The bank has bullish prospects for the pound but the recent “confusing” decision tempered outlooks. GBP/USD: the past year...


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UK hiring falls at fastest pace in three years

by | Aug 8, 2023

The UK’s economic outlook appeared rather bleak yesterday for a lack of market-moving economic data, forcing economists to ponder whether rising interest rates will be able to control inflation and avoid a recession. In the corporate world, bosses are “hesitant to...


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