by Charles Purdy | Sep 6, 2022
The single currency had a mixed day, weakening against sterling but gaining by around 0.5% on the US dollar. The big event of the week is the interest rate decision from the ECB on Thursday, and the single currency has strengthened in expectation of a hike in rates....
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by Charles Purdy | Sep 6, 2022
Sterling has rebounded over the past 24 hours. However, for GBP/USD this had all the hallmarks of a ‘dead cat bounce’ following a sustained collapse which briefly took it below even the early-Covid dip of March 2020 to its weakest since the mid-1980s....
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by Charles Purdy | Sep 6, 2022
Sterling strengthened against all major currencies yesterday and this morning, following the announcement that Liz Truss will be the new Prime Minister of the UK from later today. However, the past 24 hours’ rise in sterling of over 1% against the US dollar and...
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by Christopher Nye | Sep 5, 2022
The dollar comes out on top this morning as it continues to find new strength against both currencies. Today is a quiet day for data releases in the US however, ISM Non-Manufacturing PMI will be released tomorrow. In July, markets witnessed unexpected ISM PMI growth...
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by Christopher Nye | Sep 5, 2022
The euro continues strengthen against the pound this morning but has weakened against the dollar, after a choppy week. This follows rising gas supply fears following further obstructions to eurozone gas supplies by Russia. On Friday Russia extended their shutdown of...
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