by Charles Purdy | May 9, 2023
The last of our three major central banks, the Bank of England (BoE), will decide on its interest rate this Thursday. Markets are expecting the BoE to hike rates by 25 basis points (bps) following a 25bps hike to 4.25% in March. All eyes will be on the pound in the...
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by Charles Purdy | May 9, 2023
Sterling has climbed to its strongest position against the euro this year, in a big week for the pound, with an interest rate decision on Thursday. It is similarly strong against the US dollar and 1% up on last Tuesday. On the data front, investors will have plenty on...
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by Charles Purdy | May 5, 2023
It was a poor day for the dollar generally yesterday, except against the euro where the greenback gained around 0.50% yesterday (which has been somewhat corrected this morning). As ever, the start of the month is the busiest for data in the US, and today we’ll hear...
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by Charles Purdy | May 5, 2023
The euro suffered yesterday, losing as much as 1% or more against the Australian and Canadian dollars and by around 0.50% against the USD and GBP. How much of the drop can be blamed on the European Central Bank (ECB) raising rates, and how much on a mixed picture of...
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by Charles Purdy | May 5, 2023
A positive week for sterling has seen it strengthening to an 11-month high against the US dollar and close to multi-month highs against the euro. There were small gains against the yen and NOK, while weakening against other major currencies. After the ECB and Fed,...
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