by Christopher Nye | Oct 26, 2022
In his first speech as Britain’s new prime minister, Rishi Sunak warned that more “difficult decisions” are on the horizon for the UK. Sunak acknowledged that he was elected during a time of “profound economic crisis” but vowed to clean up the economic mess left by...
read more
by Julian Benson | Oct 25, 2022
Despite no large data releases in the euro zone yesterday, the euro made gains against the pound, which has continued this morning. It made minor gains against the US dollar which have also continued. Today we will receive data from the business climate indicator in...
read more
by Julian Benson | Oct 25, 2022
The pound is largely unchanged on the dollar, but up on last month’s standings, while government borrowing costs are down for the day. Following the appointment of Sunak as PM, sterling spiked against the euro yesterday, but this was short-lived. This morning,...
read more
by Julian Benson | Oct 25, 2022
After a rather choppy week, the US dollar had a stormy day against the pound yesterday following political announcements in the UK, but it has since regained its strength. This cannot be said for the USD/EUR rates though, which fell 1% following a hike early on in the...
read more
by Julian Benson | Oct 25, 2022
Yesterday’s economic adjustments were largely overshadowed by news of Rishi Sunak’s appointment as the UK’s new prime minister. Following a night of ups and downs on Sunday, the pound rose against the US dollar yesterday, but quickly fell. Today, it’s been quite...
read more
