by Charles Purdy | Jul 14, 2023
Sterling continued its near-constant 10-month rise against the US dollar yesterday, boosted by the news that America’s tightening monetary policy appears to be working considerably better than the UK’s. So far this morning the pound has fallen back, but only...
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by Charles Purdy | Jul 14, 2023
Sterling gained around 1% against the US dollar yesterday, hitting its highest level since March 2022 and 5% above its average over the past five years. There were similar gains against other major rivals but against the euro it was more muted at about 0.25% over the...
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by Julian Benson | Jul 13, 2023
The pound struggled to maintain Tuesday’s strength against the euro yesterday as it plummeted close to 0.75%. It was a different story for the pound-to-US-dollar rate, however, as sterling gained a further 0.73% on Wednesday, surpassing Tuesday’s 15-month high....
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by Julian Benson | Jul 13, 2023
After lunch, US producer price inflation figures are expected to increase 0.1% month-over-month in June, following a 0.3% decline in May. For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader...
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by Julian Benson | Jul 13, 2023
The annual inflation rate in France declined to 4.5% in June 2023, from 5.1% in May. This suggests that the ECB’s hawkish stance has been somewhat successful.
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