by Charles Purdy | Jul 28, 2022
The pound has strengthened further against the euro and has climbed around 1.5% against the dollar due to a combination of the US Federal Reserve’s latest interest rate decision and gas worries in the eurozone. Yesterday saw the Fed raise interest rates in the US by...
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by Charles Purdy | Jul 27, 2022
The euro plummeted against the pound and the dollar following reports of problems with another pipeline that provides Russian gas to the EU. Gazprom, the Russian energy giant, warned that it will cut flows through the Nord Stream 1 pipeline to just 20% capacity due to...
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by Charles Purdy | Jul 27, 2022
The pound has strengthened sharply against the euro this morning, trading around a two-month high. Against the dollar, sterling is also stronger. The euro has been suffering following fresh reports that Russia will restrict a key gas pipeline to the eurozone at a...
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by Charles Purdy | Jul 27, 2022
Yesterday afternoon sterling shot up to its strongest against the euro since early May, following the news that Russia is severely limiting gas exports to the EU. While such sudden rises and falls are normal, still being so high the following morning is less common....
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by Charles Purdy | Jul 26, 2022
The dollar surged by almost 1% against the euro yesterday following growing tensions between Russia and the eurozone. Yesterday was the start of the two-day FOMC meeting in which the Federal Reserve will culminate today with its next interest rate decision. A hike of...
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