by Charles Purdy | Aug 31, 2022
The pound has had a torrid week, falling to its lowest level against the euro since the early summer and against the US dollar since March 2020. This hardly gives the true picture, however. March 2020 was a brief blip due to the start of the pandemic. If what we’re...
read more
by Charles Purdy | Aug 30, 2022
The dollar gained fresh strength against sterling last week following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on Friday. Powell has committed the Fed to controlling inflation despite the likelihood of “some pain” to the US...
read more
by Charles Purdy | Aug 30, 2022
The euro strengthened sharply against the pound last week, and that continued through Monday when the UK exchanges were closed. Against the US dollar a choppy week ended with some support for the single currency, although it remains marginally below parity. Yesterday...
read more
by Charles Purdy | Aug 30, 2022
Sterling fell sharply on Friday, bedding in the losses from earlier in the week and driving the pound to its lowest point since the beginning of summer against the euro. Yesterday sterling dipped below $1.17 for the first time since the start of the pandemic in March...
read more
by Charles Purdy | Aug 30, 2022
Sterling’s price drifted over the course of last week against the euro and is now well over 1% weaker than last Tuesday. The picture is little better against the US dollar this morning, with last week’s losses beginning to be reversed, yet GBP/USD still at the lowest...
read more
