by Charles Purdy | Jul 8, 2022
The euro has weakened against the pound and touched a near 20-year low against the dollar. This is mainly due to dollar strength amid a ‘risk-off’ market mood. France has recorded a larger trade deficit than expected, with imports at €60.8 billion and exports at €47.8...
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by Charles Purdy | Jul 8, 2022
The pound jumped by over 1% against the euro and by over 0.5% against the dollar yesterday after Boris Johnson announced that he will resign as prime minister. This morning, sterling has weakened slightly against the dollar. Johnson agreed to stand down following the...
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by Charles Purdy | Jul 8, 2022
The pound was boosted yesterday following Boris Johnson’s announcement that he will resign from his position as prime minister of the UK. Sterling jumped by over 1% against the euro and by over 0.5% against the dollar in the aftermath. Following his resignation, which...
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by Charles Purdy | Jul 7, 2022
The dollar continues to show strength across the board, as it benefits from its status as a safe haven currency. The minutes from the Federal Reserve’s latest meeting were released yesterday, showing that officials are retaining their hawkish stance towards monetary...
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by Charles Purdy | Jul 7, 2022
The euro is weak against both the pound and the dollar as recession fears continue to weigh on the single currency. Surging gas prices, the ongoing energy crisis and high inflation are all weighing on the euro. Industrial production figures for Germany were released...
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