by Charles Purdy | Jul 21, 2022
The euro had a positive day as hopes rise for a larger-than-expected interest rate rise. This was despite the risk of a political crisis in Italy leading to an economic catastrophe. Yesterday’s biggest data release was consumer confidence across the eurozone, which...
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by Charles Purdy | Jul 21, 2022
It was a distinctly choppy day for GBP/EUR yesterday, swinging by well over 0.5% as the inflation news initially disappointed the market and they then had to calculate the likely effects of a Truss or Sunak government. However it ended up close to where it started the...
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by Charles Purdy | Jul 21, 2022
Sterling ended the day very close to where it started yesterday, having weakened severely in early trading after the UK’s inflation figures for June came in marginally lower than expected. Against the US dollar the day saw a gradual decline in the strength of...
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by Charles Purdy | Jul 20, 2022
The euro has strengthened this morning, mainly due to dollar weakness and positive news in the eurozone. Eurozone inflation rose to 8.6% in June, as expected. Tomorrow we will see the European Central Bank’s latest interest rate decision and a speech by ECB President...
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by Charles Purdy | Jul 20, 2022
The pound weakened against the euro over the course of yesterday and is still weaker this morning. Against the dollar, sterling has strengthened, touching an 11-day high yesterday. UK inflation rose for the ninth consecutive month to 9.4% in June. Bank of England...
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