by Charles Purdy | Jul 26, 2022
The pound strengthened by around 1% against the euro yesterday after reports of more restrictions on Russian gas in the eurozone. Against the dollar, sterling remains stronger. CBI distributive trades figures, which measure the wellbeing of the retail sector, rose by...
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by Charles Purdy | Jul 26, 2022
The US dollar has had a poor fortnight against most currencies, and that has continued (albeit at a slower rate of decline) over the past two days against both the pound and euro. A big week for the US economy started quietly on the data front yesterday, but revs up...
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by Charles Purdy | Jul 26, 2022
The euro traded sideways with the US dollar yesterday while losing ground to sterling. In the eurozone yesterday the talk was all of a potential recession in Germany, with yesterday’s disappointing result for German Ifo Business Optimism, which slipped from 18 last...
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by Charles Purdy | Jul 26, 2022
Sterling strengthened against most major currencies yesterday, except for the Norwegian krone and Australian dollar. Economic news was mixed, with the CBI measuring order books at 8 against an expectation of 15, but on the plus side, manufacturers were much more...
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by Charles Purdy | Jul 26, 2022
Yesterday the pound strengthened by around 0.25% against the euro and a little more against the US dollar, and that has continued so far this morning. The euro has weakened marginally, largely based on the threat to European gas supplies this winter arising from the...
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