by Charles Purdy | Feb 17, 2023
The single currency strengthened against most currencies yesterday, apart from the US dollar, where February’s disappointing performance has continued. After hitting a 10-month high in early February the trend has been largely downhill and that accelerated yesterday....
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by Charles Purdy | Feb 17, 2023
Sterling has had a difficult two days, falling by close to 3% from its peak on Tuesday against the US dollar and close to 1.5% against the euro. The reason has been the better inflation figures, which have reduced the need for the Bank of England to keep on raising...
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by Charles Purdy | Feb 17, 2023
After a lively week for sterling versus both the euro and US dollar, the pound ends the week roughly 1% down on both compared to Monday morning. However, that was after strengthening in the early part of the week, making the losses in the latter part of the week seem...
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by Julian Benson | Feb 16, 2023
It was a stellar day for the dollar yesterday, strengthening by between 0.5 and 1.5% against major rivals. Retail sales were one of the drivers, confounding the markets by reversing December’s 1.1% loss to a 3% rise in January. The NY Empire State Manufacturing Index...
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by Julian Benson | Feb 16, 2023
It was a mixed day for the euro, recovering strongly against most currencies, including sterling, but losing 0.5% against the US dollar. This morning, the euro has regained some strength but remains lower than yesterday’s highs. Data was mixed too, with eurozone...
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