by Charles Purdy | Nov 18, 2022
The chancellor’s long awaited Autumn Statement brought two months of severe market turmoil to a close yesterday. It ends with GBP/USD at a four-month high and GBP/EUR back close to the five year average. However the recession has apparently already begun. The...
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by Julian Benson | Nov 17, 2022
Despite falls in the stock markets, a US Commerce Department report showed that retail sales surged 1.3% in October, the strongest increase in eight months. For more on currencies and currency risk management strategies, please get in touch with your Smart Currency...
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by Julian Benson | Nov 17, 2022
In November, the euro traded at the highest rate we’ve seen since July against the US dollar. Hopefully this continues for the remainder of the month. EUR/USD over the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Nov 17, 2022
Jeremy Hunt’s Autumn Statement is due at 11:30pm today. He is expected to focus on cost of living and made advance warnings that it’ll be “eye-wateringly” difficult. GBP/USD over the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Charles Purdy | Nov 17, 2022
Inflation was revealed to be 11.1% yesterday morning. However, Bank of England governor Andrew Bailey told MPs he expects to see interest rates fall dramatically in the new year. He said, “Once we get through this winter, because of the way the gas price effects...
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