by Charles Purdy | Apr 3, 2023
The pound against the euro has been bumping along at roughly this level since before Christmas – the technical term is ‘range bound’ – it won’t go on for ever and is as likely to move decisively down as up. Indeed, with more good news coming out of the EU side than...
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by Charles Purdy | Mar 31, 2023
The dollar has declined almost across the board in the past week and month – including a near 3% decline against the pound bringing it within a whisker of a 10-month low. Against the euro it is at a near two-month low. However, it has perked up a little in the past...
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by Charles Purdy | Mar 31, 2023
The euro has enjoyed an excellent week with decisive rises against most currencies over the week and month, but a patchier result against sterling. Inflation reductions in its major economies announced over the past few days will weaken the case for tighter monetary...
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by Charles Purdy | Mar 31, 2023
Sterling has strengthened against most major rivals following news that the UK beat recession by a safer margin that previously thought in the second half of 2022. This morning it came close to a 10-month high against the US dollar. There was conflicting price news...
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by Charles Purdy | Mar 31, 2023
March has been positive for sterling, rising against almost all of its major rivals including a gain of around 3-4% on the US and Australian dollars and Norwegian krone, but relatively unchanged against the euro. That was the pattern for yesterday’s movements too....
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