by Julian Benson | Aug 7, 2023
The pound looked like it would end Friday close to a five-week low against the US dollar, but it was boosted in the latter half of the day following weaker-than-expected non-farm payroll data for July. More on that below. Against the euro, the pound has lost 0.65%...
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by Julian Benson | Aug 7, 2023
The US economy added 187,000 jobs in July. This result was lower than the average monthly gain of 312,000 but remains almost double the amount needed to keep up with growth in the working-age population. For more on currencies and currency risk management strategies,...
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by Julian Benson | Aug 7, 2023
In June, industrial production in Germany dropped by 1.5% month-on-month. This was worse than market expectations of a 0.5% fall and a marginally revised 0.2% decline in May.
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by Julian Benson | Aug 7, 2023
Bank of England governor Andrew Bailey said last week that the central bank will keep interest rates “sufficiently restrictive for a sufficient period” to try and return inflation back to 2%, the Bank’s target. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Christopher Nye | Aug 7, 2023
While the first week of August has certainly not been positive for sterling, with a 0.75% fall compared to last Monday against the euro, as swings go, that could be worse. GBP/EUR remains a couple of per cent up on the five-year average, and the drop has been less...
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