by Christopher Nye | Sep 26, 2022
Sterling has fallen to its lowest level against the dollar in over five decades this morning following tax cuts announced by Chancellor of the Exchequer, Kwasi Kwarteng in his mini-budget on Friday. The fall marked the lowest GBP/USD level since the decimalisation of...
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by Charles Purdy | Sep 23, 2022
The dollar’s extraordinary week continues right to the end, rising strongly against the euro and pound this morning. The dollar has gained two cents on the pound this week, as the impact of the Federal Reserve’s 75 basis point interest rate rise is set against the...
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by Charles Purdy | Sep 23, 2022
The euro had another broadly negative day, with clear blue water now appearing between EUR and USD as the euro has remained below parity for three days. That has continued with fresh negativity for the euro this morning. After a topsy-turvy day during which it...
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by Charles Purdy | Sep 23, 2022
The new chancellor will be unveiling his package of growth measures shortly, and this could easily move GBP. There has already been plenty of action in the currency markets this morning, with the pound falling sharply against the US dollar. Yesterday’s split decision...
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by Charles Purdy | Sep 23, 2022
Sterling swung wildly over the course of yesterday against most currencies as the markets prepared for and then reacted to the Bank of England’s (BoE) interest rate decision, before finally ending the day roughly where it began. This morning the US dollar has...
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