by Julian Benson | Jun 23, 2023
European stock markets extended losses for a fifth consecutive session on Friday with benchmark indexes approaching their worst week of losses since March. This comes after the Bank of England’s surprise 50-basis point rise and suggestions of further rate hikes from...
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by Julian Benson | Jun 23, 2023
Following a strong rally yesterday, the US dollar soared during the Asian session on Friday, taking the current rate to a fresh high, not seen since November 2022. For more on currencies and currency risk management strategies, please get in touch with your Smart...
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by Christopher Nye | Jun 22, 2023
Fed chair, Jerome Powell gave one of two testimonies scheduled for this week yesterday, striking a hawkish tone. Powell warned that the central bank “will continue to make decisions meeting by meeting, based on the totality of incoming data and their implications for...
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by Christopher Nye | Jun 22, 2023
The euro enters the day stronger against the US dollar despite another quiet day on the economic data front. The single currency boasts dollar gains of approximately 1.55% since this time last week, and is also stronger than it was yesterday. Many will be keeping a...
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by Christopher Nye | Jun 22, 2023
With today’s key releases from the Bank of England dominating the calendar for the UK, pound watchers will have plenty to mull over ahead of tomorrow’s economic data. On Friday, we’ll see the latest Gfk consumer confidence and retail sales data. Plus, the S&P...
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