by Charles Purdy | Jan 13, 2023
The drop in US prices in December, led by fuel, air fares and vehicle-price falls, depressed the dollar yesterday as investors watched the prospect of further interest rate rises from the Federal Reserve disappear. Initial and continuing jobless claims were also below...
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by Charles Purdy | Jan 13, 2023
A positive week for the single currency ends, barring mishap today, with a roughly 1-2% rise against major rivals. Hawkish comments from the chief of Finland’s central bank on the need for the ECB to continue raising rates “significantly” have helped the euro. This is...
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by Charles Purdy | Jan 13, 2023
Sterling strengthened against the dollar but weakened against the euro yesterday, as inflation and interest rates again took the box seat. Today’s GDP announcement that the UK ended the year in better health than expected has yet to affect sterling’s strength...
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by Charles Purdy | Jan 13, 2023
Yesterday sterling dropped to its lowest point against the euro since January 2021, aside from its brief dip during Liz Truss’s three weeks in office. It is little better against the US dollar and remains weaker even than during the early days of the pandemic. There...
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by Charles Purdy | Jan 12, 2023
This afternoon markets will see if their predictions for annual inflation were accurate. The rate is forecast to slow for a sixth straight month to 6.5%. If it does, this would point to the lowest inflation rate since October of 2021. The latest data will be released...
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