by Julian Benson | Mar 13, 2023
European shares cut some losses to trade 1% lower on Friday afternoon. These losses were largely from financials. Europe’s banking index fell by more than 4% and Deutsche Bank lost around 7.4%.
read more
by Julian Benson | Mar 13, 2023
Non-farm payrolls measure the change of people employed in the month prior. On Friday, we heard it increased by 311,000 in February – considerably more than the expected 205,000. The most notable job gains came from the leisure and hospitality industry (105,000)....
read more
by Charles Purdy | Mar 13, 2023
The pound starts the week where it began last week against the euro but a little stronger against the US dollar. That hardly tells the whole story though, when GBP/USD slipped to four-month lows midweek and GBP/EUR wasn’t far behind, before recovering. The financial...
read more
by Charles Purdy | Mar 10, 2023
It was all downhill for the US dollar against sterling yesterday as it drifted from midweek’s strong rises in the wake of Jerome Powell’s hawkish testimony to the US Senate. Nevertheless it ended Thursday significantly stronger than many currencies compared to the...
read more
by Charles Purdy | Mar 10, 2023
The single currency strengthened decisively against the US and Canadian dollars yesterday while losing roughly 0.35% against sterling. Those losses have been extended this morning. However, overall it has been a strong week for the euro, gaining over 1% against the...
read more
