by Charles Purdy | Aug 22, 2022
The pound is stronger against the euro this morning after struggling last week. Against the dollar, sterling continues to weaken following last week’s inflation data and lowered consumer confidence. Meanwhile, Tory leadership candidate Liz truss pledges to help...
read more
by Charles Purdy | Aug 22, 2022
Sterling has had a pretty dreadful time of it over the last week. This morning it has crashed to a new post-Covid low against the US dollar and is a good 2% down on where it started August against the euro. It is also well down on the Canadian dollar, Norwegian krone...
read more
by Charles Purdy | Aug 19, 2022
The US dollar has been all-conquering this week, strengthening by between 1.7% and 3.6% against all of its next nine rivals. With interest rates rising sharply in the US but economic data suggesting a recession may be avoided, the dollar has looked like the place to...
read more
by Charles Purdy | Aug 19, 2022
The euro has struggled against the US dollar all week, dropping by close to 3%. Against sterling, the single currency has recovered the losses it made midweek to come out even. There has been little economic data this week, it being mid-August. However, the ZEW...
read more
by Charles Purdy | Aug 19, 2022
Sterling has returned whence it started the week against the euro, having strengthened by around 1% midweek. That still places GBP/EUR well above where it started the summer. Against the dollar the picture is considerably worse, with the pound very close to breaching...
read more
