by Christopher Nye | Oct 12, 2022
It’s been a choppy week so far for the euro against the dollar and the pound however, this morning the euro is stronger against sterling and weaker against the dollar compared to this time last week. European Central Bank’s president Lagarde will speak on...
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by Christopher Nye | Oct 12, 2022
Sterling still weaker against the dollar following yesterday’s steep fall. Against the euro, the pound is also weaker. We’ve just had lots of interesting data releases from the UK this morning, with the key one being GDP MoM for August. UK GDP was lower than expected...
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by Christopher Nye | Oct 12, 2022
Sterling was triggered to a sharp decline against the dollar yesterday evening following BoE governor Andrew Bailey’s confirmation that the bank’s bond-buying scheme would end this week. He warned that the bank’s emergency intervention of a £65bn scheme to purchase...
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by Christopher Nye | Oct 12, 2022
The pound dropped 1% yesterday evening after the governor of the Bank of England Andrew Bailey said that support in the bond markets would end on Friday. This morning GDP in August was revealed (on early evidence; it could change later) to have fallen by 0.3%....
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by Charles Purdy | Oct 11, 2022
The dollar had a positive day yesterday, despite the lack of any data releases. It strengthened against all of its major rivals, including by around a third of a cent against the pound and euro, and by over 1% against the Australian dollar. Several members of the...
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