by Charles Purdy | Sep 18, 2023
It’s a big week for exchange rates, as the Bank of England (BoE) and US Federal Reserve follow the European Central Bank last week with a decision on interest rates. Since all three central banks started seriously raising rates in early spring 2022 in the wake of...
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by Charles Purdy | Sep 18, 2023
After gaining over 1% against sterling last week and 0.6% against the euro, there has been little movement so far this morning for the US dollar. Ahead of the interest rate decision from the Fed this week, there will be data on new building permits tomorrow. However,...
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by Charles Purdy | Sep 18, 2023
The euro gained slightly on the pound last week, but lost around 0.5% against the US dollar. Several members of the European Central Bank’s (ECB’s) interest rate committee will be speaking early this week, in the wake of the ECB raising rates for the 10th consecutive...
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by Charles Purdy | Sep 18, 2023
The pound ended last week moving down, and while that has not continued so far this morning It could be a volatile week. The big event will of course be the inflation data on Wednesday, followed by the interest rate decision the day after. However, there is plenty...
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by Charles Purdy | Sep 18, 2023
Over the course of Friday, sterling lost half a cent against the euro and the US dollar. This took GBP/USD to a 1% loss over the week and a new three-month low, and GBP/EUR close to its lowest for a month. This will be a busy week for central bankers, with interest...
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