by Christopher Nye | Jan 10, 2023
After its boost against both the euro and dollar on Monday, sterling relinquished gains made against the euro towards the end of the business day. Against the dollar however, the pound has maintained yesterday’s gains and is still stronger than the greenback following...
read more
by Christopher Nye | Jan 9, 2023
The big release on all dollar watchers’ radars this week will be the latest inflation rate, issued by the U.S. Bureau of Labor Statistics on Thursday. US inflation is forecast to slow again, this time to 6.7% following November’s fall to 7.1%. If markets are correct,...
read more
by Christopher Nye | Jan 9, 2023
It is a similar story over in the eurozone, where markets are also expecting a variety of key data releases which could impact the single currency this week. At 10am, we will see the latest unemployment rate for the Euro Area which is expected to remain at the record...
read more
by Christopher Nye | Jan 9, 2023
There are several key data releases scheduled in for this week that could sway the pound against its rivals. The one to watch will be the UK’s GDP, issued by the Office for National Statistics on Friday. In the previous release, market participants saw better than...
read more
by Christopher Nye | Jan 9, 2023
Sterling enters the week on a stronger footing against both the euro and the dollar after a punishing start to the year so far. Despite its recent gains, the pound remains close to the one-month low touched against the dollar on January 3rd. In the stock markets,...
read more
