by Christopher Nye | Nov 2, 2022
The euro is still weaker overall against both sterling and the dollar, following the highest inflation on record. This morning markets have seen Germany’s Balance of Trade for September. The trade surplus in Germany fell to €9 billion in September of 2022 from €16.1...
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by Christopher Nye | Nov 2, 2022
While it is a quiet day for data releases, the Bank of England will announce its latest interest rate and monetary policy report tomorrow at lunch. In its last meeting, the Bank raised the UK’s interest rate to 2.25%. It also announced a short-term bond-buying scheme...
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by Christopher Nye | Nov 2, 2022
Over the course of yesterday sterling was choppy against the dollar but ended the day marginally up from where it started. It was a similar story for the GBP/EUR rate which ended the business day largely unchanged from where it began. Yesterday, markets saw the UK’s...
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by Charles Purdy | Nov 2, 2022
Sterling has been climbing relatively steadily since the depths of late September and has now surpassed the early autumn dips against the euro and dollar. It could easily be affected by whatever is decided in the Eccles Building in Washington DC, where the Federal...
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by Charles Purdy | Nov 1, 2022
As the Federal Reserve’s FOMC settles in for two days of meetings that will end in tomorrow’s interest rate decision, the dollar had a mixed day. It gained strongly against the euro and sterling in the early part of the day but that has since been reversed to some...
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