by Julian Benson | Aug 8, 2023
Wall Street bank, Goldman Sachs lowered their forecasts for the pound-to-euro rate in the wake of the Bank of England’s 25-basis point rate hike. The bank has bullish prospects for the pound but the recent “confusing” decision tempered outlooks. GBP/USD: the past year...
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by Julian Benson | Aug 8, 2023
The UK’s economic outlook appeared rather bleak yesterday for a lack of market-moving economic data, forcing economists to ponder whether rising interest rates will be able to control inflation and avoid a recession. In the corporate world, bosses are “hesitant to...
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by Julian Benson | Aug 7, 2023
The pound looked like it would end Friday close to a five-week low against the US dollar, but it was boosted in the latter half of the day following weaker-than-expected non-farm payroll data for July. More on that below. Against the euro, the pound has lost 0.65%...
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by Julian Benson | Aug 7, 2023
The US economy added 187,000 jobs in July. This result was lower than the average monthly gain of 312,000 but remains almost double the amount needed to keep up with growth in the working-age population. For more on currencies and currency risk management strategies,...
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by Julian Benson | Aug 7, 2023
In June, industrial production in Germany dropped by 1.5% month-on-month. This was worse than market expectations of a 0.5% fall and a marginally revised 0.2% decline in May.
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