by Christopher Nye | May 11, 2023
The pound is still strong against the US dollar on a weekly and monthly footing, after rising to its strongest level in a year on Wednesday. Sterling also maintains gains from this week’s rally against the euro and currently boasts monthly gains of nearly 1 per cent...
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by Charles Purdy | May 10, 2023
Sterling reached its highest level since 15th December 2022 against the euro this morning and remains close to the year-long high it reached against the US dollar on Monday. It all comes in a hectic week or two in the currency markets as we await the Bank of England’s...
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by Julian Benson | May 10, 2023
The University of Michigan’s preliminary consumer sentiment for the US increased in April to 63.5 from 62 in March. This comes despite rising inflation and increasingly pessimistic news surrounding business conditions. For more on currencies and currency risk...
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by Julian Benson | May 10, 2023
This morning Germany’s inflation rate fell to 7.2% in April from 7.4% last month. This matched market expectations and marks the lowest rate seen in Germany for seven months.
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by Julian Benson | May 10, 2023
Yesterday the pound rallied to a fresh five-month high against the euro, however economists have concerns that Thursday’s Bank of England policy decision could pose a problem in terms of a setback for sterling.
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