by Julian Benson | Oct 21, 2022
Yesterday the US saw figures reflecting existing home sales which fell 1.5% in September, the lowest since May 2020 – but close to expectations. The monthly budget statement will be released this evening and is expected to fall once again, following a 29% deficit in...
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by Julian Benson | Oct 21, 2022
Following Truss’s announcement, the pound/US dollar rose, but only briefly, before steadying to roughly where it started the day. This was mirrored against the euro as sterling rose 1%, but not for long. There has been little movement this morning. The GfK Consumer...
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by Julian Benson | Oct 21, 2022
There was very little movement for the single currency overall yesterday, despite a strong showing around lunchtime. The euro rose against the pound and US dollar yesterday morning, but this was short lived as it then dropped back again following Liz Truss’s...
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by Julian Benson | Oct 21, 2022
Sterling exchange rates were volatile yesterday as Liz Truss announced her resignation. The pound rallied against the US dollar and edged higher than the euro. The prime minister issued her resignation after six turbulent weeks in office and shortly after committing...
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by Charles Purdy | Oct 20, 2022
Sterling weakened yesterday in a shambolic day for UK politics. Against the US dollar the decline was close to 1%, but there was little movement against the euro. The Home Secretary Suella Braverman resigned following a breach of the ministerial code. There were...
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