by Julian Benson | Dec 19, 2022
Following the European Central Bank’s decision to raise interest rates to 2.5% from 2% last week, alongside relatively hawkish comments from ECB president Christine Lagarde, the euro saw a significant boost against the pound on Thursday, which continued into Friday....
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by Julian Benson | Dec 19, 2022
The end of last week saw sterling fall significantly – almost 2% – against the euro and dollar. This was due to a relatively dovish approach from the Bank of England on interest rates compared to other central banks. The fall was despite several important data...
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by Julian Benson | Dec 19, 2022
The pound has yet to recover from last Thursday’s losses against the euro and US dollar following the interest rate decisions from the Bank of England (BoE) and European Central Bank (ECB). The ECB under Christine Lagarde is taking an exceptionally hawkish view on...
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by Charles Purdy | Dec 16, 2022
The US dollar’s recovery has outpaced even the euro’s this week, with a gain of 2% against the pound, almost that much against the Japanese yen and 0.5% against the euro. However, against sterling, that simply returns us to the levels of last week, and the greenback...
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by Charles Purdy | Dec 16, 2022
The single currency blossomed in the wake of a relatively modest rate rise of 50 basis points yesterday, following the last two 75 basis point rises. However, what led to the boom in EUR were the hawkish warnings from the ECB that interest rates must continue to rise,...
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