by Charles Purdy | Oct 7, 2022
The single currency staged a small recovery against the pound early yesterday before fading, while slipping sharply against the US dollar. Since Tuesday evening EUR/USD has weakened by 2%. It’s all been a bit up and down against the pound, with no clear direction...
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by Charles Purdy | Oct 7, 2022
Sterling weakened severely against the US dollar yesterday, while treading water against the euro. Construction PMI rebounded strongly in September, to 52.3 against an expectation of just 48. Anything over 50 represents a growth mindset. We’ve just had the Halifax...
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by Charles Purdy | Oct 7, 2022
Sterling swung sharply lower yesterday, losing 2% against the US dollar, but retained most of its strength against the euro. It’s drifted a little further this morning, possibly in reaction to the Halifax House Price Index which has shown a fall in property prices in...
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by Charles Purdy | Oct 6, 2022
The dollar finally had a positive day, strengthening by well over 1% against sterling and a not dissimilar amount against the euro. However, that has been chipped away at overnight and this morning. One of several members of the Fed’s rate-setting committee speaking...
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by Charles Purdy | Oct 6, 2022
The single currency fell against all other currencies yesterday – except sterling. The losses against most currencies were as much as 1%. The main reason was possibly Germany’s Balance of Trade for August, which fell to its lowest since 1992, just €0.6bn against a...
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