by Christopher Nye | Nov 22, 2022
Yesterday the GBP/EUR rate saw mixed success due to the markets’ uncertainty over the UK’s current economic outlook. Investors were initially keen on the promise of tax hikes and spending cuts announced in Jeremy Hunt’s Autumn Statement last week, however that boost...
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by Charles Purdy | Nov 22, 2022
Rishi Sunak tried to pacify angry Brexiters in his own party at the annual confederation of British Industry conference yesterday. The CBI meeting was held in Birmingham where the prime minister laid down a red line that the UK must remain free to set its own...
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by Christopher Nye | Nov 21, 2022
The dollar has strengthened this morning in the wake of COVID worries growing in China. While China’s yuan slipped due to higher cases and tightening restrictions, investors have turned to the dollar for safe-haven buying. Despite these new gains, the dollar...
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by Christopher Nye | Nov 21, 2022
Yesterday evening the European Central Bank (ECB) President Christine Lagarde’s speech triggered the euro to rebound against the US dollar as she promised to bring down inflation to 2%. Lagarde said the central bank is committed to bringing down medium-term...
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by Christopher Nye | Nov 21, 2022
At 10:05 this morning, the Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe will speak on interest rates. The Bank recently raised UK interest to 3% in its November meeting, which was the largest hike in 33 years. The hike also...
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