by Charles Purdy | Jun 15, 2022
The pound weakened to multi-year lows yesterday against both the euro and the dollar. This was due to a mixture of factors, including poor UK economic data, tensions between the EU and UK, as well as the perception that the Bank of England has lost control of rising...
read more
by Charles Purdy | Jun 15, 2022
The pound has weakened to multi-year lows against the euro and the dollar after falling yesterday, overnight and this morning. Poor economic data and tensions between the UK and EU over the Northern Ireland protocol contributed to this, as well as the perception that...
read more
by Charles Purdy | Jun 15, 2022
The pound’s sorrows are coming not as single spies, but in battalions, to mangle Shakespeare a little. Sterling’s precipitous fall started yesterday and has continued overnight and this morning, as bad news continues to arrive. You might have missed it, but the latest...
read more
by Charles Purdy | Jun 14, 2022
The dollar enjoyed another stellar day yesterday, strengthening against all but CHF as investors prepared for an interest rate decision tomorrow that is likely to be aggressively anti-inflation, following Friday’s higher-than-expected inflation reading. Before that...
read more
by Charles Purdy | Jun 14, 2022
The euro strengthened against most major currencies yesterday while losing slightly to USD and the Swiss franc (CHF). Against the pound it is now very close to its strongest of the past year or so. Yesterday was quiet for eurozone data, but later this morning we’ll...
read more
