by Christopher Nye | Sep 14, 2022
Sterling rebounds against both currencies following an unexpected fall in inflation in this morning’s data release. The August rate’s fall to single-digit levels follows the easing of fuel costs and is the largest downward contribution the UK has seen...
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by Charles Purdy | Sep 14, 2022
The last 24 hours has been a tale of two sets of inflation figures. The US’s were higher than expected at 8.3% and led to a spectacular fall for most currencies against the dollar yesterday as the likelihood of a large interest rate increase next week rose. The UK’s...
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by Charles Purdy | Sep 13, 2022
The US dollar weakened across the board yesterday, marginally against sterling and the euro, and significantly against the Australian dollar. Today at 1.30pm is the inflation reading for August, which is expected to fall slightly from last month, to 8.1%, as...
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by Charles Purdy | Sep 13, 2022
The single currency started the week on the front foot yesterday, but the early gains rapidly fell away and it ended the day down on sterling but marginally up on the US dollar. The direction is broadly negative this morning, due to better data from the UK. Several...
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by Charles Purdy | Sep 13, 2022
The pound strengthened yesterday following growth – albeit tepid – in the UK economy. The Ukrainian fightback also led to global stocks rising, and traditionally the pound rises and falls in line with equities. This morning we have heard that unemployment is 3.6%, the...
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