by Julian Benson | Jul 5, 2023
The average rate for a five-year fixed mortgage now has an interest rate of more than 6% in the UK. This is the highest level since last November and underlines the pressure put on borrowers looking to buy a home or are nearing the end of existing deals. The average...
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by Julian Benson | Jul 5, 2023
The pound gained some strength against both the euro and the US dollar yesterday, despite US financial markets being closed for Independence Day celebrations. The pound gained close to 0.45% and 0.3%, against the euro and dollar, respectively. Investors reported...
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by Charles Purdy | Jul 5, 2023
Sterling has battled its way back up from last week’s falls against the euro and now stands not far from the 10-month high it reached in June. It’s a similar story against the US dollar, where yesterday GBP/USD was nearly 5% stronger than on the last 4th of July. That...
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by Charles Purdy | Jul 4, 2023
Yesterday’s ISM Manufacturing PMI was disappointing, at 46, against an expectation of 47, representing the fastest fall in the sector since May 2020. However it was a quiet day on the markets overall, with little currency movement. That may not last. While the markets...
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by Charles Purdy | Jul 4, 2023
A positive day for the euro saw wide-ranging if modest gains against all major rivals. There were final results for manufacturing PMI across the eurozone, with the stand outs being Germany’s falling to 40.6, its lowest since the pandemic (as was the US’s), but French...
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