by Julian Benson | Jun 27, 2023
Despite little movement yesterday, the pound appears to have made significant gains against the euro and US dollar this month, strengthening by around 1.20% and 3% respectively. The EUR/USD rate continued to fluctuate yesterday ahead of European Central Bank (ECB)...
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by Julian Benson | Jun 26, 2023
US stock futures edged higher this morning as we begin the final week in June. Future contracts tied to the three major indexes were all up by at least 0.2%. For more on currencies and currency risk management strategies, please get in touch with your Smart Currency...
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by Julian Benson | Jun 26, 2023
On Friday last week, economists digested figures from the HCBO France Composite PMI which dropped to 47.3 in June, from 51.2 in May. It was a similar story for the German composite PMI, which dropped to 50.8 in June, down from 53.9 in May. These figures signalled a...
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by Julian Benson | Jun 26, 2023
It’s a quiet week for UK data, but investors are still digesting last week’s 50 basis point rate hike from the Bank of England.
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by Julian Benson | Jun 26, 2023
It’s been a rocky time for the pound since last Thursday’s surprise interest rate decision from the Bank of England, which was a larger hike than expected. Against the euro and US dollar, the pound has lost close to 0.5% and close to 0.7%, respectively since this time...
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