by Charles Purdy | Jun 29, 2023
The pound slipped dramatically around midday yesterday as news of the Thames Water debacle collided with downbeat comments about the UK economy from the central bankers’ conference in Portugal. However, there was some recovery in the afternoon and the loss against the...
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by Charles Purdy | Jun 29, 2023
The pound lost across the board yesterday, by close to 1% against the US dollar and half a percent against the euro, Australian and Canadian dollars, yen and yuan. There were several prompts for this, coming from different directions, including homegrown problems such...
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by Charles Purdy | Jun 28, 2023
It’s been a month of short but sharp swings in the value of sterling. The difference between the lows and the highs for GBP/EUR has been around 2% over the past month and for GBP/USD over 4%. The positive for most people with a major transaction coming up that...
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by Julian Benson | Jun 28, 2023
There’s been a lack of market-moving data in the UK this week, so the pound remains largely unchanged from Monday’s open against major rivals. Economists await further comments from the Bank of England surrounding inflation and monetary policy. GBP/USD: the past year...
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by Julian Benson | Jun 28, 2023
In Italy, consumer confidence surpassed market expectations of 105.5 by rising to 108.6 in June 2023 from 105.1 a month prior. Sentiment vastly improved for the current macroeconomic climate and comes despite growing concerns over ECB rate...
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