by Christopher Nye | Oct 31, 2022
Annual GDP growth rate will be released at 11am today. In the second quarter of 2022, the eurozone economy grew 4.1% year-on-year (YoY). Although this was higher than the second estimate of 3.9%, this pointed to the slowest growth in three quarters. This morning...
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by Christopher Nye | Oct 31, 2022
After shooting up against the euro at lunchtime on Friday, the pound maintains those gains into this week. Sterling also starts the week stronger than the dollar compared to this time last Monday. Later this week markets will see whether sterling maintains its gains...
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by Christopher Nye | Oct 31, 2022
Newspaper allegations surfaced over the weekend claiming that former prime minister, Liz Truss’s phone was hacked by suspected Russian agents. This was said to have happened while Truss was foreign secretary. A Labour party spokesperson said the reports have raised...
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by Charles Purdy | Oct 31, 2022
Sterling starts the week at its strongest for around two months against the euro and US dollar. There all similarities end, however, as against the dollar it is well below the average for the last five years whereas against the euro it is well above. This is a week...
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by Julian Benson | Oct 28, 2022
Yesterday the pound reached a 10-day high versus the euro after the European Central Bank (ECB) raised its interest rates by 75bps. The pound reached its highest level against the US dollar since mid-September yesterday as investors reacted to Rishi Sunak’s first...
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