by Charles Purdy | Jun 7, 2022
The US dollar enjoyed a positive day yesterday, beating all of its major rivals and putting sterling securely back in its box this morning after the brief no-confidence-vote recovery. Against EUR, although slightly off its record peak of last month, the dollar has...
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by Charles Purdy | Jun 7, 2022
Aside from yesterday’s brief drop against sterling – since almost recovered – the single currency has had a strong run, marginally beating most of its major rivals over the past week apart from AUD, CAD and USD. This is largely based around last week’s high inflation...
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by Charles Purdy | Jun 7, 2022
Sterling strengthened by close to 1% against USD and slightly less against EUR when news of the confidence vote came in yesterday morning. However, that strength dissipated over the course of the day, until the narrow Johnson victory came in at 9pm and the decline has...
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by Charles Purdy | Jun 7, 2022
News of a no-confidence vote on Boris Johnson’s premiership boosted the pound yesterday morning. However, that has gone into reverse this morning as a potentially weakened prime minister may now limp on for over two more years. The pound surged by almost a cent...
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by Charles Purdy | Jun 6, 2022
The dollar is slightly lower against a basket of currencies this morning, after strengthening towards the end of last week. Non-farm payrolls data gave the dollar a boost on Friday. This revealed that the US economy added 390,000 jobs in May, the least since April...
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