by Charles Purdy | Jul 11, 2023
The single currency had a broadly positive day yesterday, strengthening against all but the Japanese yen. Since mid last week it has gained well over 1% against the US dollar. There was no data of note yesterday, but today we have just heard a final result for German...
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by Charles Purdy | Jul 11, 2023
Sterling swung sharply upwards this morning following data on unemployment and earnings. It is currently close to 0.80% up on the US dollar compared to yesterday, at its strongest for 15 months. The data continues tomorrow with the Financial Stability Report tomorrow,...
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by Charles Purdy | Jul 11, 2023
Monday morning saw a sharp dip for sterling against most major currencies. However, it was largely recovered against the euro by the end of the day, and indeed the losses reversed against the US dollar and the renminbi. This morning sterling has surged upwards...
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by Julian Benson | Jul 10, 2023
The pound soared close to 0.9% against the US dollar on Friday as the US unemployment rate fell to 3.6% in June, slightly below expectations of 3.7%. Against the euro, the pound gained close to 0.25% on Friday morning but ended the day largely where it started. The US...
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by Julian Benson | Jul 10, 2023
On Tuesday this week, the UK unemployment rate for May is expected to increase to 3.9% from 3.8% in April. The average earnings index (including bonuses) is expected to have risen 6.8% in May, up from 6.5% in April. Average earnings with bonuses included are expected...
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