by Charles Purdy | Jul 6, 2022
The dollar is strong across the board this morning, reaching a two-year high against the pound and trading around a two decade high against the euro. It is benefitting from its status as a safe-haven currency as fears of a global recession increase. Rising gas prices...
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by Charles Purdy | Jul 6, 2022
The pound had a torrid day against the US dollar yesterday, falling to its lowest since the first week of lockdown in 2020. The bigger picture is that GBP/USD is close to the lowest it’s been for a generation and could go lower. All this, even after five...
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by Charles Purdy | Jul 5, 2022
A mixed day for the US dollar, strengthening against AUD, NOK and JPY while slipping very fractionally against other currencies and remaining stable against GBP. Yesterday being a public holiday for Independence Day in the USA, there were no data releases, and not a...
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by Charles Purdy | Jul 5, 2022
The euro had a positive start to the week, strengthening against its next ten competitors including early trading this morning. However the UK’s PMI data has reversed that and it is currently weaker against GBP. Yesterday the balance of trade in Germany showed a...
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by Charles Purdy | Jul 5, 2022
Sterling enjoyed a relatively stable Monday, barely moving against most of its major rivals. However that has all changed this morning as revised S&P Global CIPS PMI data took the markets by surprise. Against the US dollar the pound has weakened by half a cent...
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