by Charles Purdy | Jan 6, 2023
The dollar made strong and swift gains against sterling and the euro in a fairly frantic hour or two yesterday lunchtime. The prompt was the message coming through that interest rates are unlikely to fall in 2023 and could continue rising, as the US economy continues...
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by Charles Purdy | Jan 6, 2023
A mixed day for the euro saw drops against the US dollar and a small gain against sterling. That has continued so far this morning. Data yesterday included Germany’s Balance of Trade bouncing back to an €11.1bn surplus. Exports hit a record high of €142.8bn. Less...
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by Charles Purdy | Jan 6, 2023
Sterling struggled mid-week despite some positivity from UK high streets and the services sector, according to S&P services PMI. The pound dropped more than a 1% against the US dollar. Most of the damage came from the dollar side of the equation, with positive...
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by Charles Purdy | Jan 6, 2023
Sterling fell to its weakest level since late November against the US dollar yesterday, dropping well over 1%. While the pound also fell against the euro, some of those losses were recovered in the afternoon session and GBP/EUR remains slightly above where it started...
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by Charles Purdy | Jan 5, 2023
Yesterday was an interesting data for US market watchers and the dollar itself. ISM Manufacturing PMI, JOLTs job openings for November and the FOMC’s were all released in one afternoon and seemed to have little impact on an already weakened dollar. However, things may...
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