by Charles Purdy | Jul 18, 2023
Sterling drifted yesterday against the US dollar and euro, but the movements were small and the start of the week has had a feeling of waiting for bigger news. That news will come tomorrow with the inflation data, and rarely has been a number more keenly awaited by...
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by Julian Benson | Jul 17, 2023
On Friday, US bank Wells Fargo reported a 57% rise in profits in the second quarter of 2023 as it earned more interest from customer payments. JP Morgan reported a 67% increase in net income since this time last year but spoke out about having to set aside funds to...
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by Julian Benson | Jul 17, 2023
After a rocky start to the week, the euro gained over 2.5% against the US dollar last week amid rumours of a sour US market and a lack of EU data. On Friday, the rate rose to an 11-month high against the greenback.
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by Julian Benson | Jul 17, 2023
The consumer price inflation for June 2023 is due to be released on Wednesday morning. Economists forecast a decline from May’s 8.7% to 8.3%. Should this go as planned, it suggests the Bank of England’s interest rate hikes are doing a good job of bringing inflation...
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by Julian Benson | Jul 17, 2023
After soaring to a 15-month high against the US dollar last week, the pound continued its ascent on Friday afternoon. The GBP/USD rate is currently up 2% on the month and over 10% since this time last year. Against the euro, the pound soared to an 11-month high on...
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