by Charles Purdy | Aug 8, 2022
Sterling has started the week slowly, showing no clear direction after last Thursday’s drubbing following the Bank of England’s warnings of a deep and long lasting recession, with inflation hitting 13%. However, with currency markets, whenever a piece of news hits and...
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by Charles Purdy | Aug 5, 2022
The dollar strengthened against the pound yesterday but has weakened against both sterling and the euro this morning. Initial jobless claims data missed expectations, rising 6,000 in the last week. Markets will now be keeping an eye on today’s jobs data for a better...
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by Charles Purdy | Aug 5, 2022
The euro strengthened against the pound and the dollar yesterday after the Bank of England’s interest rate decision created volatility within the markets. This morning the single currency has lost a little of this strength but remains at its strongest point against...
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by Charles Purdy | Aug 5, 2022
The pound fell sharply yesterday afternoon, weakening by over 1% against the euro, following the Bank of England’s decision to raise interest rates in the UK by 50 basis points to 1.75%. This morning sterling has made a slight recovery. While this hike was largely...
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by Charles Purdy | Aug 5, 2022
The pound fell yesterday following the Bank of England’s decision to raise UK interest rates by 50 basis points. This brought the rate to 1.75% and was the largest hike in almost 30 years. Sterling has made a slight recovery this morning but remains pressured....
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