by Christopher Nye | Nov 15, 2022
The release of October’s inflation data sent the dollar tumbling against the major currencies last week, however the dollar made gains against the pound and other major currencies yesterday. Despite bouncing back against sterling, GBP/USD is still much weaker than it...
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by Christopher Nye | Nov 15, 2022
Following a choppy week against the pound, yesterday was another busy day for the euro following recent developments in the Ukraine war. Russia’s withdrawal from Kherson was met with celebrations on Friday, however, in a speech yesterday Ukrainian present Zelenskiy...
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by Christopher Nye | Nov 15, 2022
Market analyst Chris Beachamp warned that sterling-watchers “have their work cut out for them” due to a multitude of big data releases expected this week. Between this morning’s unemployment data, retail sales tomorrow and the chancellor’s fiscal statement on...
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by Christopher Nye | Nov 15, 2022
The UK unemployment rate edged higher to 3.6% in this morning’s data release. Markets were expecting a fall in unemployment numbers and an increase in wage growth. This followed unemployment falling to 3.5% in the three months leading up to August 2022. Meanwhile,...
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by Christopher Nye | Nov 14, 2022
Federal Reserve Governor Chris Waller made comments on Sunday reiterating that the Federal reserve isn’t done with its hawkishness. Waller said the US has “a long, long way to go to get inflation down.” He also added that interest rates are “going...
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