by Charles Purdy | Jul 15, 2022
A lively week for sterling has reached Friday with the pound holding on to the 2% gain it made on the euro following the Boris Johnson resignation last week, but not quite at the heights that Wednesday’s better-than-expected GDP data sent it to. Don’t forget to...
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by Charles Purdy | Jul 14, 2022
The dollar is strong against most major currencies this morning following the release of US inflation figures yesterday. Inflation came in at 9.1% year-on-year, beating expectations of 8.8% and the highest since 1981. Energy prices rose 41.6%, the most since April...
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by Charles Purdy | Jul 14, 2022
The euro is still weak against the dollar this morning and EUR/USD reached parity yesterday for the first time in 20 years. This has occurred due to a mixture of both dollar strength and euro weakness. The euro continues to suffer as a result of the war in Ukraine and...
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by Charles Purdy | Jul 14, 2022
The pound is still trading at strong levels against the euro this morning. This follows better-than-expected GDP figures, which were released earlier this week. The figures revealed that the UK economy grew 0.5% in May, better than the 0.0% predicted. This has...
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by Christopher Nye | Jul 14, 2022
Data released yesterday revealed that US inflation hit a 40-year high in June, reaching 9.1%. This was higher-than-expected and was driven by high energy and food costs. The dollar has strengthened on increasing worries of a recession. In response to this, the euro...
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