by Charles Purdy | Feb 24, 2023
Sterling lost fractionally to the euro yesterday but has largely held onto its gains from positive PMI and government debt data on Tuesday. It is currently well up on most of its nearest 10 rivals compared to last Friday. It has been least impressive against the US...
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by Charles Purdy | Feb 24, 2023
Sterling’s position drifted yesterday against some currencies as the excitement of Tuesday’s excellent services PMI reading dissipated. However, GBP/EUR has stayed strong and there was more positivity for British business with the CBI Distributive Trades Survey...
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by Christopher Nye | Feb 23, 2023
The preliminary quarter-on quarter GDP figures for the US will be released at 1:30pm UK time today. Investors will be watching closely as the data will provide the broadest measure of economic activity in the US as well as a primary gauge of the economy’s...
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by Christopher Nye | Feb 23, 2023
Markets saw the latest business climate reading from Germany’s Ifo institute yesterday. The monthly release from the institute gives investors clues into the level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers....
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by Christopher Nye | Feb 23, 2023
Sterling maintains this week’s euro gains following better-than-expected PMI data on Monday and investors will be keen to see if this morning’s speech from MPC member Catherine Mann will move the pound. Mann’s speech is titled, “The results of rising...
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