by Charles Purdy | Feb 27, 2023
Sterling has managed to hold onto most of its gains against the euro into the last couple of days of February. The decline against the US dollar continued last week and GBP/USD is some 3% weaker than the start of the month. This is despite our old friend ‘Brexit...
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by Charles Purdy | Feb 24, 2023
The dollar has enjoyed a strong week against most major rivals over the past week, although it remains slightly down on GBP overall. This was despite quarterly GDP dropping to 2.7%, marginally below expectations. There is some data of note this afternoon, with income...
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by Charles Purdy | Feb 24, 2023
It’s been a disappointing week for the single currency, losing out to the majority of other currencies, most notably the Brazilian real (-2.25%) and sterling (almost -1%). The US dollar’s strong performance has helped damage the euro’s prospects, but that could be...
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by Charles Purdy | Feb 24, 2023
Sterling lost fractionally to the euro yesterday but has largely held onto its gains from positive PMI and government debt data on Tuesday. It is currently well up on most of its nearest 10 rivals compared to last Friday. It has been least impressive against the US...
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by Charles Purdy | Feb 24, 2023
Sterling’s position drifted yesterday against some currencies as the excitement of Tuesday’s excellent services PMI reading dissipated. However, GBP/EUR has stayed strong and there was more positivity for British business with the CBI Distributive Trades Survey...
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