by Charles Purdy | Jan 27, 2023
It was a patchy day for the dollar yesterday. Despite some positive economic news – GDP down on last month but up on expectations at 2.9% and Durable Goods Orders well up, by 5.6% – the US dollar barely moved. What movement there was, however, was broadly positive....
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by Charles Purdy | Jan 27, 2023
Spanish GDP has just been revealed to have grown well ahead of expectations, with 0.2% growth in the last quarter of 2022 contributing to year-on-year growth of 2.7%. Less positively, consumer confidence has slipped in France. Nevertheless, the euro strengthened a...
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by Charles Purdy | Jan 27, 2023
Sterling strengthened very marginally against the US dollar yesterday but more markedly (roughly 0.3%) against the euro. It has since dropped against USD. Apart from slightly downbeat news on car production (except from an eco-basis, since electric sales rose) there...
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by Charles Purdy | Jan 27, 2023
It was a quiet session for most currencies yesterday, the markets waiting for next week’s interest rate-setting bonanza from the US, eurozone and British central banks. Of all, the euro fared worst yesterday, dropping by around a quarter of a percent against most...
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by Christopher Nye | Jan 26, 2023
In the US housing markets, the latest mortgage applications data revealed that applications in the US jumped 7% in the week which ended January 20th 2023. Data from the Mortgage Bankers Association showed this most recent rise follows a 27.9% surge in the previous...
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