by Charles Purdy | Jun 24, 2022
The pound is slightly stronger against the euro and steady against the dollar this morning, however, soft retail sales data and political jitters have restricted further gains. While retail sales did fall in May, it was by less than expected at -0.5% compared to...
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by Charles Purdy | Jun 24, 2022
The pound is slightly stronger against the euro and is beginning to gain some strength against the dollar this morning following the release of UK retail sales data. Retail sales fell in May, with food stores being the main contributor, but this decline was softer...
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by Christopher Nye | Jun 23, 2022
After falling earlier this week due to comments from Federal Reserve Chair, Jerome Powell, the dollar is stronger against a basket of currencies this morning. Yesterday, during is testimony in front of Congress, Powell said that a recession was “certainly a...
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by Christopher Nye | Jun 23, 2022
After rising against the dollar yesterday, the euro has fallen this morning after the release of French and German PMI data. PMIs summarise whether market conditions, as viewed by purchasing managers, are expanding, staying the same, or contracting. French PMI figures...
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by Christopher Nye | Jun 23, 2022
After falling against the euro and the dollar yesterday following poor inflation data, the pound is still weaker against the euro this morning. The data showed that inflation rose to 9.1% in May, up slightly from April’s figure of 9% and a fresh 40-year high. The Bank...
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