by Charles Purdy | Aug 26, 2022
Yesterday’s GDP figures were slightly better than expected, but still showing a fall in Q2 of 0.6%. Despite this, most other data was more positive, including jobless claims falling. All ears will be on Jackson Hole at 3pm UK time today, when Federal Reserve chair...
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by Charles Purdy | Aug 26, 2022
The singe currency lost almost across the board yesterday, but just managed to keep its nose in front of the US dollar. It has since strengthened this morning, despite record low levels of optimism among German consumers. On the wires yesterday, German Ifo Business...
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by Charles Purdy | Aug 26, 2022
Sterling is falling against the euro and the dollar at the end of the week. Yesterday there was a leap in the CBI distributive trades survey in August, from -4 last month to +37, with retailers reporting overall growth and with higher expectations for next month too....
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by Charles Purdy | Aug 26, 2022
Sterling strengthened over the course of yesterday against the euro and US dollar. This morning that has reversed against all currencies, as UK households face huge energy bills. The week ends quietly for data releases in the UK. In the US, however, the Jackson Hole...
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by Charles Purdy | Aug 25, 2022
The dollar gained strength against both sterling and the euro yesterday however things take a turn in the opposite direction today. The dollar is weaker against sterling. Against the euro, the dollar is has also lost strength. This follows US GDP predictions...
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