by Charles Purdy | Jul 7, 2023
Business optimism in the US remained high last month, with the ISM Services PMI unexpectedly leaping up to 53.9 in June. The dollar strengthened sharply yesterday in early trading and then gently deflated throughout the rest of the afternoon and evening. The big story...
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by Charles Purdy | Jul 7, 2023
A positive day overall for the single currency, ending the day slightly up on the US dollar but more significantly stronger against the Australian and Canadian dollars. This was despite construction PMI continuing to disappoint across the eurozone, while retail sales...
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by Charles Purdy | Jul 7, 2023
A positive start to the day following Andrew Bailey’s comments didn’t continue into the afternoon. However, sterling starts this morning 0.75% up on this time last week and this time last month. One of the more hawkish members of the BoE’s Monetary Policy Committee,...
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by Charles Purdy | Jul 7, 2023
Sterling strengthened yesterday, following comments about inflation and interest rates from Bank of England (BoE) governor Andrew Bailey in a BBC interview. That encouraged the markets to think that UK interest rates could rise as high as 7% by March. However, US jobs...
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by Julian Benson | Jul 6, 2023
The pound gained close to 0.40% against the euro yesterday, possibly in reaction to eurozone producer prices which declined 1.5% year-on-year in May, following a downwardly revised 0.9% increase in April. This marks the first decline in producer prices in two years....
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