by Charles Purdy | Oct 4, 2022
Sterling strengthened over the course of yesterday against both the US dollar and euro by around 1%. This returned GBP/USD to where it was before the chancellor’s mini-budget of 23rd September and GBP/EUR to a two-and-a-half week high. It has continued to strengthen...
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by Christopher Nye | Oct 3, 2022
After the massive highs against sterling last week, the dollar is weaker overall compared to the pound today. This follows sterling’s fresh gains on Friday after surprisingly good GDP data. Against the euro, the dollar is also weaker. ISM Manufacturing PMI data...
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by Christopher Nye | Oct 3, 2022
The euro starts the week down against the pound today but stronger against the dollar. Lots of S&P global manufacturing PMI data from the eurozone this morning (including Spain, Italy, France, and Germany). The eurozone manufacturing PMI final reading for...
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by Christopher Nye | Oct 3, 2022
Sterling made new gains today, building on the recovery over the previous week. Against the dollar, sterling starts the week much stronger than it did last week. This follows the pound’s recent boost in the wake of better-than-expected GDP data. S&P...
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by Charles Purdy | Oct 3, 2022
Sterling has already seen some activity this morning, dropping as soon as trading started this morning in Asian markets, then leaping upwards as the news came through that the chancellor is reversing the 45% tax cut, then settling down again. As the Truss-Kwarteng...
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