by Charles Purdy | Aug 4, 2022
The euro weakened against sterling and the dollar yesterday following poor eurozone data. Eurozone PMI fell to 49.9 in July, indicating that the economy has contracted. Retail sales for the eurozone also fell by 1.2% in June as soaring prices and poor consumer...
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by Charles Purdy | Aug 4, 2022
Yesterday the pound continued to strengthen against the euro. Against the dollar, sterling also strengthened. This morning the pound is still strong against the euro and has strengthened slightly against the dollar. The Bank of England’s latest interest rate decision...
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by Charles Purdy | Aug 4, 2022
This morning sterling is still moving steady against the euro and has strengthened slightly against the dollar ahead of the Bank of England’s interest rate decision this afternoon. Borrowing costs could soar for UK consumers as markets are expecting interest rates to...
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by Charles Purdy | Aug 4, 2022
Yesterday the dollar strengthened against the euro, however, was choppy against sterling. This morning the dollar has weakened slightly but with not much changing from where it was this time last week. Data on the US Balance of Trade for June will be released this...
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by Charles Purdy | Aug 3, 2022
The pound has strengthened again this morning and is currently at its strongest against the euro since April. Against the US dollar, however, sterling remains around 6% weaker than it was in April. To be frank, sterling may go anywhere this week and this could be an...
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