by Christopher Nye | Oct 26, 2022
Sterling had an excellent day yesterday, strengthening by over 1.5% against the US dollar and between 0.5 and 1% against most other major currencies. Both pairings are now at a six week high. To lock in that rate with a forward contract, call your trader on 020 7898...
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by Christopher Nye | Oct 26, 2022
Markets can expect a variety of data releases throughout the course of today, from the MBA mortgage market index at 12pm to EIA crude oil stocks change at 3:30pm. The key data to watch will be new home sales at 3pm. US home sales are expected to make a gentle fall...
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by Christopher Nye | Oct 26, 2022
It has been a choppy week for EUR/GBP so far. This morning the euro is slightly weaker than the pound overall, but like sterling it has maintained most of its gains made against the dollar from yesterday. Following good consumer confidence data from France this...
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by Christopher Nye | Oct 26, 2022
After making and maintaining gains against the dollar yesterday afternoon, sterling is still stronger against the single currency compared to this time last Wednesday. Despite its choppiness since Monday, the pound is also marginally up on the euro compared to this...
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by Christopher Nye | Oct 26, 2022
In his first speech as Britain’s new prime minister, Rishi Sunak warned that more “difficult decisions” are on the horizon for the UK. Sunak acknowledged that he was elected during a time of “profound economic crisis” but vowed to clean up the economic mess left by...
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