by Christopher Nye | Nov 14, 2022
last Friday markets predicted that the euro was likely to continue outperforming the dollar after the EUR/USD pairing preserved its bullish momentum. After climbing to its highest level since August 12 in early morning trading on Friday, the euro shrugged off gloomy...
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by Christopher Nye | Nov 14, 2022
The main events on everyone’s radars this week will be the release of Britain’s latest inflation data and the chancellor’s Autumn Statement. Markets are predicting that the UK’s annual inflation rate will hit 11%, exceeding the 40-year high of...
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by Christopher Nye | Nov 14, 2022
Sterling begins the week stronger than it did against the us dollar last week despite gdp data revealing that the UK’s economy contracted by 0.2% in the most recent quarter. BoE governor Andrew Bailey said that “efforts to bring inflation under control are likely to...
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by Charles Purdy | Nov 14, 2022
Sterling starts the week well above last Monday against the US dollar – some 4% – but in a similar position to where it started last week against the euro. That is still slightly above the average of the past five years. Will it remain in this elevated position? It’s...
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by Charles Purdy | Nov 11, 2022
The dollar fell across the board yesterday in the wake of the lower-than-expected inflation rate. It had already been on the slide with the US midterms results yet to be fully announced. A week of data ends this afternoon with the Michigan Consumer Sentiment for...
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