by Charles Purdy | Aug 29, 2023
Sterling barely moved over the Bank Holiday weekend and starts the working week around 0.5% down on the week against the euro and over 1% down on the US dollar. However, last week’s declines have not been repeated so far. Friday ended with the central bankers’...
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by Charles Purdy | Aug 25, 2023
The dollar’s positive week and month continued yesterday, with 0.30% to 1.30% rises against the next few most-traded currencies in the past week. The biggest rise was against the pound, and the greenback is now 2.5% stronger than at the end of July. That could all...
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by Charles Purdy | Aug 25, 2023
The single currency has gained in a fairly minor way on the pound, Norwegian krone and Swiss franc this week, but more generally it’s been a week of losses. Germany’s Ifo Business Climate data has just come in below expectations at 85.7. Later today ECB president...
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by Charles Purdy | Aug 25, 2023
Sterling’s losses from Wednesday continued yesterday and the pound hits Friday around 0.25% down against the euro, 1.1% down on the US dollar and somewhere between those against other major currencies. That appears to have steadied with today’s consumer confidence...
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by Charles Purdy | Aug 25, 2023
Sterling’s interesting week reaches the last day having lost 1% since Wednesday morning against the euro and closer to 2% against the US dollar since Tuesday. The reason for sterling’s fall has been poor economic data this week that suggest the Bank of England will...
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