by Julian Benson | Nov 3, 2022
After a choppy week, the US dollar made gains against the pound yesterday. This has continued this morning and it is currently 2.9% higher than yesterday’s rate. This could be down to the Federal Reserve’s decision to raise the country’s interest rates by 75bps....
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by Julian Benson | Nov 3, 2022
Yesterday data from Germany told us the trade surplus fell from €16.1 billion in September 2021 to €9 billion last month. This morning we will hear unemployment rates from the Euro Area. They aren’t expected to have changed since the last data...
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by Julian Benson | Nov 3, 2022
The pound remained relatively unchanged against the euro yesterday. Since then, sterling has fallen approximately 2.9% against the US dollar. The 10-year gilt yield fell to 3.5%, the lowest we’ve seen since the mini budget was announced. This afternoon, the Bank of...
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by Julian Benson | Nov 3, 2022
Yesterday the pound rose ever-so-slightly against the euro but ended the day relatively unchanged. However, it was a rocky day for GBP/USD. After marginal movements pre-interest rate announcement, from the Federal Reserve, this morning the pound has dropped...
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by Christopher Nye | Nov 2, 2022
The Federal Reserve will decide on its latest interest rate today at 6pm UK time. The Fed is expected to raise interest higher to 4% in an attempt to tame unruly inflation. Policymakers said that it needed to ‘move to and maintain’ a more ‘restrictive policy stance to...
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