by Charles Purdy | Jun 19, 2023
The UK’s yearly and core inflation rates are expected to cool in Wednesday morning’s data releases. The previous data showed that yearly inflation fell to 8.7, its lowest rate since March last year, as gas and electricity prices fell. Pound watchers will be keen to...
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by Christopher Nye | Jun 19, 2023
Sterling enters the week approximately 0.30% stronger against the euro after outpacing the single currency on Friday, as investors anticipated continued tightening in this week’s Bank of England (BoE) decision. The BoE is expected to hike the UK’s interest rate by 25...
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by Julian Benson | Jun 19, 2023
Temperatures in the UK peaked last week, as did the pound-to-euro rate which soared to highs not seen since August 2022. The pound-to-euro rate remains high this morning and is up close to 2% on the month and 0.3% since this time last week. Following last week’s...
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by Charles Purdy | Jun 16, 2023
The US dollar lost around 1% against its major rivals including the pound and euro yesterday, stretching its losses over the past week and only bettering the Japanese yen. The greenback has reached mid-June well over 2% down on the euro and sterling compared to the...
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by Charles Purdy | Jun 16, 2023
The single currency leapt against the dollar and the pound yesterday as soon as the ECB made its interest rate announcement. But while it lost that gain straight away against the pound, it continued to rise against the US dollar, stretching to 1.1% by the end of the...
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