by Christopher Nye | Oct 12, 2022
The dollar continues as the ultimate safe-haven asset and is stronger against both sterling and the euro compared to this time last week. September’s Producer price index for final demand will be released at lunchtime today. The index fell 0.1% MoM in August following...
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by Christopher Nye | Oct 12, 2022
It’s been a choppy week so far for the euro against the dollar and the pound however, this morning the euro is stronger against sterling and weaker against the dollar compared to this time last week. European Central Bank’s president Lagarde will speak on...
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by Christopher Nye | Oct 12, 2022
Sterling still weaker against the dollar following yesterday’s steep fall. Against the euro, the pound is also weaker. We’ve just had lots of interesting data releases from the UK this morning, with the key one being GDP MoM for August. UK GDP was lower than expected...
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by Christopher Nye | Oct 12, 2022
Sterling was triggered to a sharp decline against the dollar yesterday evening following BoE governor Andrew Bailey’s confirmation that the bank’s bond-buying scheme would end this week. He warned that the bank’s emergency intervention of a £65bn scheme to purchase...
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by Christopher Nye | Oct 12, 2022
The pound dropped 1% yesterday evening after the governor of the Bank of England Andrew Bailey said that support in the bond markets would end on Friday. This morning GDP in August was revealed (on early evidence; it could change later) to have fallen by 0.3%....
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