by Charles Purdy | Oct 6, 2022
Although sterling has recorded a loss against the euro over the past 24 hours, it’s pretty marginal overall and it is safely back to there it was pre-Budget. Similarly with the US dollar. That was despite some negativity around Liz Truss’s speech and its double-down...
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by Charles Purdy | Oct 6, 2022
Sterling fell against the euro and US dollar over the course of yesterday morning, both before and after Liz Truss’s Conservative Party Conference speech. Sterling recovered a little in the afternoon and evening sessions however. Liz Truss’s first conference speech as...
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by Christopher Nye | Oct 5, 2022
The dollar has lost some of the massive gains it made following the pound’s recent turbulence, but is still stronger against both currencies, and is the market’s ultimate safe-haven currency. Lots of key data will be released from the US today including...
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by Christopher Nye | Oct 5, 2022
The euro is still weaker against the dollar but stronger against the pound today. We’ve just seen Germany’s balance of trade data this morning . The trade surplus in Germany sharply declined to €0.6bn, the lowest surplus since 1992 and disappointing markets who...
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by Christopher Nye | Oct 5, 2022
Sterling is in a much better position than it was last week against both the euro and the dollar, however it is still weaker overall against both currencies. S&P Global services PMI final will be released this morning. September’s PMI fell to 49.2 from 50.9 in...
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