by Charles Purdy | Jul 29, 2022
The pound continues to strengthen against the euro following threats to eurozone gas supplies. Sterling has strengthened against the dollar despite the US Federal Reserve’s interest rate-hike decision earlier this week, as the US enters a ‘technical...
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by Charles Purdy | Jul 29, 2022
Sterling’s rise against the US dollar has continued through the week and it now stands well over 2% stronger than last Friday. Against the euro the rise has been similar, but yesterday’s strong gains have been pared back slightly this morning. The big news from the...
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by Charles Purdy | Jul 28, 2022
The dollar weakened yesterday following the Federal Reserve’s latest interest rate decision which was largely priced in by markets. Yesterday saw the Fed raise interest rates in the US by 75-basis points, bringing the rate up to 2.25-2.5%, the highest since 2019....
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by Charles Purdy | Jul 28, 2022
The euro has fallen further against the pound after Russia cut gas supplies to Germany after threatening to do so earlier in the week. Against the dollar, the euro regained substantial strength yesterday. European gas prices rose almost 2% yesterday after Russia...
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by Charles Purdy | Jul 28, 2022
The pound has strengthened further against the euro, trading around a two-month high, and has surged against the dollar. Sterling climbed around 1.5% against the greenback over the course of yesterday following the announcement of the Federal Reserve’s latest interest...
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