by Julian Benson | Feb 16, 2023
It was a mixed day for the euro, recovering strongly against most currencies, including sterling, but losing 0.5% against the US dollar. This morning, the euro has regained some strength but remains lower than yesterday’s highs. Data was mixed too, with eurozone...
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by Julian Benson | Feb 16, 2023
After several top-level data releases that sent sterling slowly higher over the course of the week and then down very rapidly yesterday, today is a quiet one for data. However, falling yesterday’s inflation fall it will be interesting to hear the Bank of England’s...
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by Julian Benson | Feb 16, 2023
Yesterday proved that good news for the economy and public isn’t always reflected in the currency, when a sharp decline in monthly inflation led to the pound weakening. Around 1.5% was knocked off GBP/USD and 0.75% off GBP/EUR, taking with it all the gains of the past...
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by Charles Purdy | Feb 15, 2023
Sterling’s love letter from the currency markets lasted until Valentine’s Night but no further. A solid week of gains that had seen GBP/EUR strengthen by 2% over eight days came to an abrupt halt this morning with the inflation figures. On the plus side, the...
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by Julian Benson | Feb 15, 2023
Following the boost the positive wage growth data gave the pound yesterday morning, it was a rather calm day for other major currencies euro and US dollar. The data revealed that UK wage growth accelerated in the three months leading up to December but remained below...
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