by Julian Benson | Jul 17, 2023
The consumer price inflation for June 2023 is due to be released on Wednesday morning. Economists forecast a decline from May’s 8.7% to 8.3%. Should this go as planned, it suggests the Bank of England’s interest rate hikes are doing a good job of bringing inflation...
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by Julian Benson | Jul 17, 2023
After soaring to a 15-month high against the US dollar last week, the pound continued its ascent on Friday afternoon. The GBP/USD rate is currently up 2% on the month and over 10% since this time last year. Against the euro, the pound soared to an 11-month high on...
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by Charles Purdy | Jul 17, 2023
Sterling starts the week still strong against the US dollar, after reaching its highest point for over a year last week. Against the euro it has slipped back again from last week, but remains well above the average of the past year (and, indeed, the past five years)....
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by Charles Purdy | Jul 14, 2023
Big losses continued for the US dollar yesterday, the largest of which were 1.4% against the Australian dollar and 1.1% against sterling. With US inflation falling fast the markets expect the Fed to pause interest rate rises. Good news for US mortgagees and businesses...
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by Charles Purdy | Jul 14, 2023
Like other currencies, the euro had a strong day against the US dollar yesterday, strengthening by 0.75% by the end of the day. It weakened, however, against the pound and continues to bobble around close to an 11-month low. French inflation was confirmed at 4.5% in...
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