by Charles Purdy | Sep 20, 2022
The dollar maintained its strong position against the euro and pound yesterday, in a start to the week devoid of high-level data for the markets to feed on. This morning it has declined a little, despite reports that the Fed has an outside chance of raising interest...
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by Charles Purdy | Sep 20, 2022
The euro remained largely unchanged in a quiet day for data yesterday. However it remains at its strongest against the pound since early February 2021 (when the pound began pulling away due to its better strategy on vaccines). It weakened to below parity against the...
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by Charles Purdy | Sep 20, 2022
There was little movement for GBP in the currency markets yesterday, with the public holiday to mark the Queen’s funeral. This morning the pound has strengthened by roughly 0.2% against the euro and US dollar. We have to wait until tomorrow for any major data...
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by Charles Purdy | Sep 20, 2022
Sterling moved gently up and down yesterday before ending the day roughly where it started, only fractionally up on its lowest position since early 2021 against the euro and since 1985 against the US dollar. However, in early trading today the pound has opened...
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by Charles Purdy | Sep 19, 2022
The US dollar has leapt into the new week, gaining against all major currencies. Its biggest strength has been against the euro and Chinese renminbi, as the markets prepare for another 75 basis point interest rate rise from the Fed’s interest rate committee, the FOMC,...
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