by Charles Purdy | Jun 22, 2022
The pound has weakened against the euro and the dollar following the latest inflation figure for the UK. Inflation rose to 9.1% in May, up slightly from April’s figure of 9% and a fresh 40-year high. The Bank of England has warned that inflation could hit 11% later...
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by Charles Purdy | Jun 21, 2022
The dollar is predicted by some to gain from a mildly risk-off sentiment, as the economy looks possibly to be heading into recession. However, for now it is slipping against most major currencies including the pound and euro. There were no data releases yesterday, but...
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by Charles Purdy | Jun 21, 2022
It has been a mixed day and week for the euro, strengthening mildly against AUD and NZD but weakening against GBP. There was little interesting data from the eurozone yesterday, but construction output increased by an unspectacular 3% year-on-year. President of the...
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by Charles Purdy | Jun 21, 2022
While it was a quiet day for exchange rate movements, tensions are rising in the UK economy as the struggle to prevent a wage-price spiral leads to serious industrial action. Several of the Bank of England’s Monetary Policy Committee (MPC) members are speaking over...
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by Charles Purdy | Jun 21, 2022
The week has started quietly for sterling, with minimal movement on Monday against EUR and a barely perceptible rise against USD. However, it’s a big week for the UK’s economy as the battle lines are drawn between those trying to limit inflation and those determined...
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