by Christopher Nye | Dec 5, 2022
The Bank of England’s Monetary Policy Committee (MPC) member Swati Dhingra spoke on inflation in an interview over the weekend. She warned that higher interest rates could lead Britain’s economy into a “deeper and longer recession.” In contrast...
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by Christopher Nye | Dec 5, 2022
The pound continues to sail through the first week of December on a positive note, after reaching its strongest point against the US dollar and euro since summer at the end of last week. Sterling-watchers seem to have an easy job this week as it is a fairly quiet few...
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by Charles Purdy | Dec 5, 2022
Last week was positive on the whole for sterling, gaining over 1.5% against the US dollar and around 0.5% on the euro after a distinctly rocky Monday. However, GBP/EUR is a good 2% up on a month ago, and remains well above the post-referendum average. This week the...
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by Charles Purdy | Dec 2, 2022
Jerome Powell sunk the dollar this week. The Federal Reserve chairman commented on Wednesday evening that interest rates would not need to go above 5% and since then the greenback has lost some 1 to 2% against most major rivals. The data front this week has been...
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by Charles Purdy | Dec 2, 2022
The euro gained strongly against all the dollars yesterday, including by over 1% against USD and AUD. There was no success against sterling, however: the euro lost around 0.5%. Some analysts are predicting a weakening in the single currency against USD in 2023, as the...
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