by Christopher Nye | Nov 21, 2022
At 10:05 this morning, the Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe will speak on interest rates. The Bank recently raised UK interest to 3% in its November meeting, which was the largest hike in 33 years. The hike also...
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by Christopher Nye | Nov 21, 2022
After welcoming the chancellor’s new fiscal plans last Thursday, sterling begins the week marginally up against the US dollar compared to this time last Monday. The pound is also much stronger than the euro. Rishi Sunak will deliver a speech on innovation at the CBI...
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by Charles Purdy | Nov 21, 2022
The US dollar has strengthened significantly over the weekend and overnight, apparently due to worries over a Covid-19 resurgence in China. Given the country’s ‘zero-Covid’ policy it doesn’t take much to shut a major city down, which affects the global economy. Hence,...
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by Charles Purdy | Nov 18, 2022
A mixed week for the US dollar ends with further slippage against the pound and euro but stronger overall against most other currencies. There was a risk-off moment in the middle of the week with worries that Russian missiles may have landed in Poland, but that was...
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by Charles Purdy | Nov 18, 2022
Overall it’s been a positive week for the euro, with EUR/USD holding onto its highest point since early July. The single currency has strengthened by around 2.5% against the Norwegian and Swedish krone, and indeed almost every currency except for the British pound....
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