by Charles Purdy | Jun 13, 2022
The pound is weaker against the dollar this morning following high US inflation figures last week and poor economic data released for the UK this morning. UK GDP data shows that the economy shrank by 0.3% month-on-month in April, with declines seen in services,...
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by Charles Purdy | Jun 13, 2022
If you are completing on a property abroad today and hadn’t previously locked in your rate with a forward contract, I imagine it might have been a stressful weekend. For a €200,000 property in the eurozone you would have been paying around £171,000 one minute and then...
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by Charles Purdy | Jun 10, 2022
The dollar is stronger against the pound and euro this morning. This strength has largely come from euro weakness. Initial jobless claims figures showed that the number of Americans filing for unemployment benefits rose by more than expected in the last week. All eyes...
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by Charles Purdy | Jun 10, 2022
The euro fell against the pound and the dollar yesterday following the European Central Bank’s latest interest rate decision. This morning it has recovered a little strength against the pound but remains pressured. The ECB kept interest rates unchanged, at 0%, but...
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by Charles Purdy | Jun 10, 2022
After strengthening against the euro over the course of yesterday, the pound has weakened slightly this morning and remains weaker against the dollar. The cause of this volatility was the European Central Bank’s latest interest rate decision in which President...
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