by Charles Purdy | Aug 22, 2023
It was an unspectacularly positive day for the single currency, strengthening against almost all of its major rivals, including close to 1% against the yen and just a fraction against the pound. There wasn’t much data of interest yesterday, although PPI data suggest...
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by Charles Purdy | Aug 22, 2023
The pound stabilised yesterday against major currencies, in a quiet day for data. This morning we have seen Public Sector Net Borrowing for the UK at £4.3bn, less than expected. We will shortly get a reading for CBI Industrial Trends Orders, but the main event pf the...
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by Charles Purdy | Aug 22, 2023
It was another positive day for the pound yesterday, remaining stable against the US dollar and euro, and gaining against the Japanese yen. This morning sterling has strengthened again. Then were no data releases of note yesterday, at least on the sterling side of the...
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by Julian Benson | Aug 21, 2023
It’s a quiet one for US data this week however, on Thursday US durable goods order figures are expected to reflect a 0.5% increase in July, from a 4.7% jump in June. For more on currencies and currency risk management strategies, please get in touch with your Smart...
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by Julian Benson | Aug 21, 2023
On Friday this week, economists will receive the latest figures that represent the German business climate. It’s forecast to decline for the fourth month in a row to 86.9 in August from 87.3 in July.
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