by Charles Purdy | Jun 26, 2023
An interesting weekend in global politics has left the pound unchanged, but still around 1.5% up against the euro compared to this time last month. It could easily have worked out differently. The pound tends to suffer – these days – in what is called a “risk off”...
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by Julian Benson | Jun 23, 2023
After a strong week, the pound was rocked on Thursday following the Bank of England’s decision to raise interest rates by 50 basis points to 5.0%. This rise exceeded market expectations of a 25 basis point rate hike. It wasn’t however, a total surprise as suspicions...
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by Julian Benson | Jun 23, 2023
The Gfk Consumer Confidence figures for June came in at -24, showing an increase from -27 in May. Also, this morning UK retail sales rose unexpectedly in May by 0.3% from the previous month, exceeding expectations of a -0.3%...
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by Julian Benson | Jun 23, 2023
European stock markets extended losses for a fifth consecutive session on Friday with benchmark indexes approaching their worst week of losses since March. This comes after the Bank of England’s surprise 50-basis point rise and suggestions of further rate hikes from...
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by Julian Benson | Jun 23, 2023
Following a strong rally yesterday, the US dollar soared during the Asian session on Friday, taking the current rate to a fresh high, not seen since November 2022. For more on currencies and currency risk management strategies, please get in touch with your Smart...
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