by Christopher Nye | Oct 5, 2022
So far this week, the pound continues to recover to levels seen prior to the Chancellor’s mini-budget announcement on 23rd September. Today, sterling is still gaining fresh strength against the dollar after falling to a 51-year low 9 days ago. However in the...
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by Charles Purdy | Oct 5, 2022
After a week of gains, sterling stabilised against the euro yesterday and is currently becalmed, albeit at a rate well above the five-year average. To lock that in for the turbulent year ahead, do call your trader on 020 8003 4915. Even the most ardent supporter of...
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by Charles Purdy | Oct 4, 2022
The dollar continued to weaken against most of its rivals at the start of the week. While the drop against the euro was small, it showed no change of direction after the 2% loss of last week. The dollar’s weakening has accelerated this morning. For USD/GBP, the...
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by Charles Purdy | Oct 4, 2022
It was a poor day for the single currency, weakening decisively against GBP, AUD and CAD, but ultimately unmoved against the US dollar. This morning, however, it has strengthened against the US dollar. Manufacturing Purchasing Manager’s Indexes (PMI) from S&P...
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by Charles Purdy | Oct 4, 2022
Sterling has rebounded following the chancellor’s climbdown on tax and promise to bring forward publication of the medium term fiscal plan. It climbed against most major rivals, with gains in excess of 1% against the euro and almost 2% against the US dollar....
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