by Charles Purdy | Jun 29, 2023
It was a strong day for the dollar, strengthening by a good 0.5% or so against all its major rivals as Fed Chair Jerome Powell warned of future interest rate hikes. The biggest rise was against sterling, where the greenback starts today around 0.9% up on yesterday...
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by Charles Purdy | Jun 29, 2023
The euro had a positive day against the pound but elsewhere there was little movement and what there was, was downwards. Yesterday’s data including a downbeat reading for consumer confidence in Germany, but also a larger-than-expected fall in Italian inflation, which...
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by Charles Purdy | Jun 29, 2023
The pound slipped dramatically around midday yesterday as news of the Thames Water debacle collided with downbeat comments about the UK economy from the central bankers’ conference in Portugal. However, there was some recovery in the afternoon and the loss against the...
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by Charles Purdy | Jun 29, 2023
The pound lost across the board yesterday, by close to 1% against the US dollar and half a percent against the euro, Australian and Canadian dollars, yen and yuan. There were several prompts for this, coming from different directions, including homegrown problems such...
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by Charles Purdy | Jun 28, 2023
It’s been a month of short but sharp swings in the value of sterling. The difference between the lows and the highs for GBP/EUR has been around 2% over the past month and for GBP/USD over 4%. The positive for most people with a major transaction coming up that...
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