by Charles Purdy | Sep 21, 2022
The current battle between central banks and inflation, via interest rate rises, makes guessing where exchange rates will go, impossible. Because while out-of-control inflation is bad for an economy – and hence the country’s currency – interest rate rises usually...
read more
by Charles Purdy | Sep 20, 2022
The dollar maintained its strong position against the euro and pound yesterday, in a start to the week devoid of high-level data for the markets to feed on. This morning it has declined a little, despite reports that the Fed has an outside chance of raising interest...
read more
by Charles Purdy | Sep 20, 2022
The euro remained largely unchanged in a quiet day for data yesterday. However it remains at its strongest against the pound since early February 2021 (when the pound began pulling away due to its better strategy on vaccines). It weakened to below parity against the...
read more
by Charles Purdy | Sep 20, 2022
There was little movement for GBP in the currency markets yesterday, with the public holiday to mark the Queen’s funeral. This morning the pound has strengthened by roughly 0.2% against the euro and US dollar. We have to wait until tomorrow for any major data...
read more
by Charles Purdy | Sep 20, 2022
Sterling moved gently up and down yesterday before ending the day roughly where it started, only fractionally up on its lowest position since early 2021 against the euro and since 1985 against the US dollar. However, in early trading today the pound has opened...
read more
