by Christopher Nye | Apr 17, 2023
Sterling enters the week close to its strongest level against the US dollar in 10 months amidst the greenback’s recent weakness. GBP/USD gains on a monthly footing stretch to nearly 2 per cent. Against the euro, sterling has done the opposite, losing around 0.8%...
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by Charles Purdy | Apr 17, 2023
If you had cheerfully made an offer on a property in France, Spain, Portugal or elsewhere in the eurozone last week and planned a happy weekend imagining a sunnier lifestyle, you would have been alarmed to see the pound suddenly crash against the euro late on Friday...
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by Charles Purdy | Apr 14, 2023
Wednesday’s falling inflation data continues to weigh on the US dollar, which has now reached a one-year low against the euro and 10-month low against sterling. Producer prices fell 0.5% month-on-month in March, the largest decline since April 2020. Later today we’ll...
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by Charles Purdy | Apr 14, 2023
The euro climbed another three-quarters of a percent yesterday against the US dollar to its strongest since the first week of April last year. German inflation was confirmed yesterday at 7.4% annually, with a 0.8% rise in March. However, this morning we’ve seen...
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by Charles Purdy | Apr 14, 2023
The pound has weakened by around a third of a percent against the euro since yesterday morning, but strengthened by a similar amount against the US dollar. It’s been a slow week of grinding losses against the euro, continuing the battle that has seen little overall...
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