by Charles Purdy | Jul 19, 2022
Sterling was supported through much of yesterday, ending the day close to 1% up on the day against the US dollar and at one point hitting $1.20. Against the euro gains early on had all but disappeared by the end of the day and that has continued this morning, with a...
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by Charles Purdy | Jul 19, 2022
Sterling broadly strengthened over the course of yesterday, as global markets opted for a more optimistic outlook on China’s economy. However, that was reversed this morning against the euro following earnings data that has worried the markets. However, the pound has...
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by Charles Purdy | Jul 18, 2022
The dollar’s recent strengthening was pared a little back last week, slipping most noticeably against SEK and the Australian dollar, and by around 0.5% against the euro. Against the pound it has remained relatively stable while losing a little ground this morning. On...
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by Charles Purdy | Jul 18, 2022
It’s been a mixed week for the single currency, losing ground to the pound, NOK, Canadian and US dollar while losing to the Swedish krone and others. The big event of the week is undoubtedly the European Central Bank’s interest rate decision on Thursday, and that will...
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by Charles Purdy | Jul 18, 2022
Sterling has started the day in an upbeat fashion, possibly the result of Rishi Sunak’s lead in the Tory leadership contest, or possibly a hangover from the better than expected GDP result last week. This week is awash with high level data, including unemployment...
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