by Christopher Nye | Dec 8, 2022
Yesterday, the Canadian dollar weakened against its major counterparts in European deals. This was due to investors growing increasingly worried that the Federal Reserve’s continued monetary tightening could overturn America’s economic growth. The final Federal Open...
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by Christopher Nye | Dec 8, 2022
European Central Bank (ECB) president Christine Lagarde is likely to discuss eurozone interest rates and inflation in this afternoon’s speeches. In the ECB’s October meeting, the central bank suggested pausing the ongoing interest rate hikes. This was due to the...
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by Christopher Nye | Dec 8, 2022
Yesterday markets heard that the UK’s levelling up secretary Michael Gove gave the green light for the country’s first new coalmine to be built. The coalmine, backed by £165m government investment, will be built in Cumbria and is reported to create roughly 500 new...
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by Christopher Nye | Dec 8, 2022
The major data releases quieten down for the remainder of this week. However, that all changes next week as the Office for National Statistics (ONS) will release Britain’s latest inflation rate on Wednesday. In the previous release, the UK’s annual inflation rate...
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by Charles Purdy | Dec 7, 2022
There were wild swings in the exchange rates yesterday, with sterling gaining and losing 0.5 to 1% against the euro and US dollar during a three hour session yesterday afternoon. This week the pound hit a six-month high against the dollar, but it’s been harder work...
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