by Charles Purdy | Oct 17, 2022
After a week of highs and lows, sterling starts the week stronger than it did against both the dollar and euro, compared to this time last Monday. These fresh gains follow last Friday’s news of Britain’s Chancellor, Kwasi Kwarteng being officially dismissed after the...
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by Charles Purdy | Oct 17, 2022
Sterling has strengthened to its highest rate since early September against the euro this morning, in the wake of a complete reversal of fiscal policy from the new chancellor Jeremy Hunt. He has said this morning that parts of the medium-term fiscal plan will be...
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by Charles Purdy | Oct 14, 2022
The dollar weakened by more than 2% against the pound yesterday, amid a more general sell-off. It came in the wake of the general inflation rate in the US stabilising at 8.2%, the lowest rate since February. However, the core inflation rate continued to accelerate,...
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by Charles Purdy | Oct 14, 2022
The euro had a positive day against all but the pound yesterday, gaining as much as 1% against the US dollar and Japanese yen. There were no data surprises yesterday, with German inflation confirmed at 10%. This morning we’re hearing more final readings for inflation...
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by Charles Purdy | Oct 14, 2022
Sterling moved to its strongest point for over a month against the euro yesterday. In a febrile atmosphere at Westminster, serious questions are being raised about the future of the Prime Minister and Chancellor. Rumours are that Kwasi Kwarteng will abandon key parts...
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