by Charles Purdy | Sep 12, 2022
While the pound has perked up a little in the past few days against the US dollar, or at least its decline has been arrested, it has returned to a negative trajectory this morning against the euro, currently 3.5 cents weaker than a month ago. The brief improvement...
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by Charles Purdy | Sep 9, 2022
It was a sad day for the United Kingdom yesterday, as the nation prepared itself for the death of Queen Elizabeth II, which was announced after the end of the business day. Smart Currency Exchange joins the world in mourning the death of Her Majesty the Queen, and we...
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by Charles Purdy | Sep 9, 2022
Sterling moved upwards against the US dollar yesterday, strengthening by around 1% over the course of the day and overnight. It is currently at its strongest since the start of September. The picture was more patchy against the euro, with no overall gain. The new...
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by Charles Purdy | Sep 9, 2022
The European Central Bank raised interest rates by 75 basis points yesterday – the largest rise since the birth of the single currency. The euro subsequently strengthened against most major currencies, including by over 1% against the US dollar. There was little...
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by Christopher Nye | Sep 9, 2022
The US dollar weakened across the board yesterday, as the Federal Reserve is no longer the only major central bank aggressively raising interest rates. This was despite a speech yesterday from Fed chair Jerome Powell maintaining his strong stance on inflation-busting...
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