by Charles Purdy | Aug 2, 2023
Sterling dropped around half a percent against the euro and US dollar yesterday. The prompt was the rising belief among investors that the Bank of England is going to ease up slightly on its interest rate rises, with just an increase to 5.25% rather than 5.50%. Of...
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by Julian Benson | Aug 2, 2023
Yesterday, the US dollar gained 1% against the Canadian dollar as CPI data reported a notable slowdown in Canadian inflation and has continued to strengthen this morning. The US dollar also gained 0.3% on the euro yesterday, although it’s not yet clear what prompted...
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by Julian Benson | Aug 2, 2023
In Germany, the unemployment rate fell to an unexpected 5.6% in July, lower than both market expectations of 5.7% and June’s 5.7%. However, the report found that excluding Ukrainian nationals, there would have been an increase in the number of jobless individuals due...
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by Julian Benson | Aug 2, 2023
Sterling fell to a three-week low against the US dollar on Tuesday as economists digested economic data and stubbornly high inflation. It peaked at a 15-month high in mid-July before falling after UK inflation came in lower than expected in June. GBP/USD: the past...
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by Julian Benson | Aug 2, 2023
The pound lost 0.45% and 0.80% against the euro and US dollar yesterday as UK recession fears remain ahead of the Bank of England’s (BoE’s) interest rate decision tomorrow. According to Reuters, traders believe there is a 62% chance the BoE will raise Bank Rate by 25...
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