by Charles Purdy | Jul 17, 2023
Sterling starts the week still strong against the US dollar, after reaching its highest point for over a year last week. Against the euro it has slipped back again from last week, but remains well above the average of the past year (and, indeed, the past five years)....
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by Charles Purdy | Jul 14, 2023
Big losses continued for the US dollar yesterday, the largest of which were 1.4% against the Australian dollar and 1.1% against sterling. With US inflation falling fast the markets expect the Fed to pause interest rate rises. Good news for US mortgagees and businesses...
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by Charles Purdy | Jul 14, 2023
Like other currencies, the euro had a strong day against the US dollar yesterday, strengthening by 0.75% by the end of the day. It weakened, however, against the pound and continues to bobble around close to an 11-month low. French inflation was confirmed at 4.5% in...
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by Charles Purdy | Jul 14, 2023
Sterling continued its near-constant 10-month rise against the US dollar yesterday, boosted by the news that America’s tightening monetary policy appears to be working considerably better than the UK’s. So far this morning the pound has fallen back, but only...
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by Charles Purdy | Jul 14, 2023
Sterling gained around 1% against the US dollar yesterday, hitting its highest level since March 2022 and 5% above its average over the past five years. There were similar gains against other major rivals but against the euro it was more muted at about 0.25% over the...
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