by Charles Purdy | Mar 24, 2023
The US dollar strengthened against most major currencies by between 0.5 and 1% yesterday, but not sufficiently to recover the losses from earlier in the week and it hits Friday some 1.5% adrift of EUR compared to last Friday. It was a quiet day for data, but the...
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by Charles Purdy | Mar 24, 2023
It’s been a positive week for the single currency on the whole, strengthening against most major currencies except for the Norwegian krone, and including a roughly 0.75% rise against sterling overall. However, that was despite dropping across the board yesterday. Next...
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by Charles Purdy | Mar 24, 2023
Sterling powered ahead against the US dollar yesterday while remaining broadly static against the euro. This morning’s data on consumer confidence and – more importantly – spending has boosted sterling further. Gfk Consumer Confidence level improved slightly but is...
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by Charles Purdy | Mar 24, 2023
Sterling turned another corner yesterday after an up-and-down sort of week. GBP/USD ends the week close to its highest levels since last spring. Less positively against the euro, it hit a two-week low early yesterday but has been climbing since. The Bank of England’s...
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by Christopher Nye | Mar 23, 2023
The US Federal Reserve raised the fed funds rate by 25bps to 5% yesterday in line with market forecasts. This pushed US borrowing costs their highest levels in over a decade, since 2007, as inflation remains elevated. The Fed also noted the US banking system is...
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