by Charles Purdy | Nov 11, 2022
The euro moved to well above parity with the US dollar yesterday, hitting its highest rate since mid August. It moved in the opposite direction against the pound, however, weakening by well over 1%. It’s been a quiet week for data in the eurozone, but this morning...
read more
by Charles Purdy | Nov 11, 2022
Sterling had a strong day on Thursday in the fall out from US inflation data being lower than predicted. A surge in global stock markets tends to support sterling. GDP data this morning is mixed, with a 0.6% fall in September being even worse than expected, though...
read more
by Charles Purdy | Nov 11, 2022
Thursday was a wild day on the currency markets, with the pound strengthening by nearly 3% on the US dollar and well over 1% on the euro. Most of that gain was in the hour after America’s ‘core inflation rate’ was revealed to be lower than expected at 6.3% year on...
read more
by Julian Benson | Nov 10, 2022
The US dollar made significant advances against the pound yesterday despite stock markets drifting lower as election results reported “too close to call.” For more on currencies and currency risk management strategies, please get in touch with your Smart Currency...
read more
by Julian Benson | Nov 10, 2022
The euro made steady gains against sterling yesterday despite the Eurozone’s battle against high inflation and a looming recession.
read more
