by Julian Benson | Mar 8, 2023
The pound fell against the euro and US dollar yesterday, losing about 0.5% and 1.5% respectively from the day’s highs. There has been little movement this morning. The big influence came from Federal Reserve chair Jerome Powell, who spoke in US Congress at 4pm UK...
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by Julian Benson | Mar 8, 2023
Speaking to Bloomberg yesterday, senior Bank of England policymaker, Catherine Mann expressed her concern that British companies could possibly be exploiting the cost-of-living crisis to drive inflation-busting price hikes. Mann mentioned the pricing power of...
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by Julian Benson | Mar 8, 2023
This morning markets heard high-impact economic data from Germany. Retail sales declined 0.3% month-over-month in January, after a 5.3% fall in December. This was highly unexpected as economists had forecast a 2% surge. However, Germany’s industrial production...
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by Julian Benson | Mar 8, 2023
Yesterday Federal Reserve chair Jerome Powell said that the US central bank is likely to increase the pace of rate hikes if incoming data continues to suggest tougher measures are needed to control inflation. For more on currencies and currency risk management...
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by Charles Purdy | Mar 8, 2023
Sterling fell sharply yesterday, by close to 2% against the US dollar and back to its lowest position since mid-November last year. Is there worse to come for sterling? Maybe, maybe not, but prudence would suggest to guard against it. Against the euro the drop was...
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