by Christopher Nye | Jan 23, 2023
Last week sterling made a recovery of sorts, strengthening by around 0.5% from where it started the year against the euro. If you put that in a longer context, it’s below the boost that the currency enjoyed in the later days of the pandemic but well above the...
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by Charles Purdy | Jan 20, 2023
A mixed week for the US dollar too, falling against sterling and the Swiss franc but neutral against the euro. The dollar has also been hit by expectations that the central bank will slacken off its interest rate rises amidst signs of economic downturn. Investors have...
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by Charles Purdy | Jan 20, 2023
It’s been a mixed week for the single currency, with gains against the US dollar, yen and yuan, but losses against sterling and the Swiss franc. Losses against sterling were caused by reports of the ECB likely taking a more dovish stance on inflation at its next...
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by Charles Purdy | Jan 20, 2023
The pound has suffered a slight reversal following three days of strong gains as retail sales and consumer confidence readings undid the positive news on jobs and inflation earlier in the week. Retail sales are now 1.7% down on pre-Covid levels, with non-food stores...
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by Charles Purdy | Jan 20, 2023
A lively week in the currency markets ends with sterling currently some 1% stronger than the start of the week against both the euro and US dollar. It was more, but two disappointing data sets this morning have slightly taken the shine off sterling. While some large...
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