by Christopher Nye | Jan 3, 2023
The latest S&P purchasing manager’s index data will be released shortly. Markets are expecting the index to take another dip after falling in the previous release. In December, the S&P Global/CIPS UK Manufacturing PMI declined to 44.7, from 46.5 in...
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by Christopher Nye | Jan 3, 2023
Despite a choppy entrance to the New Year for GBP/EUR, the pound is only marginally weaker than it was this time last Friday. It is a similar story for sterling versus the dollar, which started 2023 with a small but sharp readjustment downwards this morning. This...
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by Christopher Nye | Dec 30, 2022
The US dollar ends the year some 5 to 15% ahead of where it started 2022 against most of its major rivals, powered in this appalling year for global peace and climate disasters by a strong safe-haven appeal. The past week has been less positive, with decisive falls...
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by Christopher Nye | Dec 30, 2022
The single currency ends the year around 6% down on the US dollar but ahead of most other currencies compared to the start of 2022. Its losses can be attributed to war breaking out on its eastern border, but it has been saved by hawkish noises coming from the ECB on...
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by Christopher Nye | Dec 30, 2022
Sterling ends the year against the euro around 5% down on where it started 2022, but still sticking close to its post-referendum average. It’s some 10% down on the US dollar compared to 1st January 2022 in what has been a turbulent and difficult year for the UK...
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