by Charles Purdy | Jan 6, 2023
Sterling fell to its weakest level since late November against the US dollar yesterday, dropping well over 1%. While the pound also fell against the euro, some of those losses were recovered in the afternoon session and GBP/EUR remains slightly above where it started...
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by Charles Purdy | Jan 5, 2023
Yesterday was an interesting data for US market watchers and the dollar itself. ISM Manufacturing PMI, JOLTs job openings for November and the FOMC’s were all released in one afternoon and seemed to have little impact on an already weakened dollar. However, things may...
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by Charles Purdy | Jan 5, 2023
While the euro is stronger against the pound and the dollar this morning, tomorrow the eurozone will see the latest inflation rate (flash) for December. Market participants will be keen on seeing if this triggers further movement in euro rates. In the previous data,...
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by Charles Purdy | Jan 5, 2023
Sterling’s gains seemed to be short-lived as yesterday’s gains came against a backdrop of high inflation and soaring energy prices. The British Retail Consortium reported food inflation in the UK hit a new record level of 13.3% in December. This follows a 12.4%...
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by Christopher Nye | Jan 5, 2023
Although sterling kept its fighting attitude over the course of yesterday as it maintained gains against both the euro and US dollar, this morning has seen the pound relinquish those gains. This comes after an already shaky start to the year for the pound. Yesterday,...
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