by Christopher Nye | Jun 5, 2023
After attempting to recover from its 2-month low against the US dollar, the single currency currently sits around -0.37 per cent lower than the greenback this week. The recent EUR/USD gains were largely due to hawkish comments from the European Central Bank’s...
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by Christopher Nye | Jun 5, 2023
Investors all over will be keeping a close eye on the latest yearly figures, which are due on Tuesday. In the previous data release, retail sales in the UK rose 5.2 per cent on a like-for-like basis in April 2023 however, high inflation in the UK meant that consumers...
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by Christopher Nye | Jun 5, 2023
Sterling enters the week stronger against a few of its rivals, such as the Swiss franc and Japanese yen. The pound also maintains last week’s fresh gains against the euro. It is a similar story for sterling against the US dollar, which boasts weekly gains of just over...
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by Charles Purdy | Jun 5, 2023
This morning sterling is remaining close to the heights it reached against the euro at the end of last week. That is its strongest since the start of 2023 and not a million miles away from its highest since last August. However, please don’t expect or hope that...
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by Charles Purdy | Jun 2, 2023
The US dollar declined across the board yesterday, by as much as 1.5% against commodity-based currencies like the Australian and Canadian dollars and 0.8% against the euro and sterling. The prompt was comments from various members of the Fed’s monetary policy...
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