by Charles Purdy | Dec 21, 2022
Following its steep slide following the interest rate decision last week (or more precisely, the more hawkish messages on inflation coming from the European Central Bank) sterling has been struggling to gain traction against the euro. GBP/EUR remains around 1.5% down...
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by Julian Benson | Dec 21, 2022
In November, US Housing starts fell 0.5% lower to a seasonally adjusted annual rate of 1.427m, following a 2.1% drop in October. This is slightly higher than markets expected, with forecasts at 1.4m. USD/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Dec 21, 2022
Yesterday the euro’s luck continued against the pound following a surge last Thursday when the European Central Bank announced an interest rate hike of 50bps. It is now trading just under 2% higher than at the start of December. Yesterday afternoon, markets heard the...
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by Julian Benson | Dec 21, 2022
Later this morning, the UK will hear from the Confederation of British Industry on the current health of the retail sector with distributive trades readings due at 11am. It is forecast to fall from -19 last month to -23. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Julian Benson | Dec 21, 2022
Three days into the week and the pound is yet to recover from the losses it incurred against the euro and US dollar following interest rate hikes from the Bank of England and European Central Bank last Thursday. Thousands of NHS ambulance services across England and...
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