by Julian Benson | Dec 15, 2022
Sterling remained unchanged yesterday despite the UK’s inflation dropping to 10.7%, coming in lower than markets expected. The pound’s indifference may be short-lived as at lunchtime, the Bank of England will decide on its latest interest rate, followed by the...
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by Charles Purdy | Dec 14, 2022
The effect that inflation data can have on an exchange rate was brought sharply into relief with the US dollar, which has weakened by between 0.75% and 2% over the past week against the next nine most-traded currencies. That was because America’s annual inflation rate...
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by Julian Benson | Dec 14, 2022
The consumer price index (CPI) fell yesterday to 7.1% in November. This is lower than expectations of 7.3% and reflects the lowest rate markets have seen since December 2021. It’s worth mentioning that the Federal Reserve has a target of 2%, so the reading is remains...
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by Julian Benson | Dec 14, 2022
The euro profited from a lower US dollar yesterday, trading at its strongest rate since mid-June this year. The European Central Bank is expected to deliver an interest rate hike to 2.5% on Thursday. EUR/GBP: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Dec 14, 2022
This morning UK markets heard Inflation came in below market forecasts at 10.7% in November, from 11.1% in October – the highest reading in 41 years. After a marginal increase yesterday following UK unemployment data release, the pound is now trading almost 2% higher...
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