by Charles Purdy | Nov 1, 2022
The single currency fell by around 1% against the dollar yesterday, but has since regained around half of those losses. Against sterling the picture was reversed, with choppy gains over the day since pared back this morning. Eurozone inflation breached double figures...
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by Charles Purdy | Nov 1, 2022
Sterling fell across the board yesterday, in a key week for central bankers at home and abroad. However it has since partially bounced back. The only data releases yesterday were mortgage approvals, which fell to almost 67,000 in September from 74,000 in August. The...
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by Charles Purdy | Nov 1, 2022
Sterling lost around 0.5% against the euro but over 1% against the US dollar yesterday as global inflation raised its head again in a key week for interest rate-setters. Some of sterling’s losses have been clawed back this morning in early trading. The cause of...
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by Christopher Nye | Oct 31, 2022
The dollar is still weaker than both sterling and the euro this week following the recent recovery sterling has made in the wake of Truss’s resignation. Key data to watch out for will be the ISM manufacturing PMI for October and JOLTs job openings for September, which...
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by Christopher Nye | Oct 31, 2022
Annual GDP growth rate will be released at 11am today. In the second quarter of 2022, the eurozone economy grew 4.1% year-on-year (YoY). Although this was higher than the second estimate of 3.9%, this pointed to the slowest growth in three quarters. This morning...
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