by Charles Purdy | May 26, 2022
The pound has begun to recover against the euro and the dollar this morning. This comes after poor economic data released on Tuesday fuelled worries about the state of the UK economy, causing sterling to weaken. Yesterday, Bank of England official, Huw Pill, said that...
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by Charles Purdy | May 25, 2022
The dollar is stronger against a basket of currencies this morning ahead of the release of meeting minutes from the FOMC. The meeting minutes, which are due to be released later this evening, will provide some clarity on the Federal Reserve’s approach to interest...
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by Charles Purdy | May 25, 2022
The euro strengthened yesterday following confirmation from European Central Bank President, Christine Lagarde, that interest rates will be hiked in July. This morning, economic data for Germany was released, showing that consumer confidence improved slightly this...
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by Charles Purdy | May 25, 2022
After weakening against the euro and the dollar yesterday, the pound is starting to recover. The fall was prompted by poor PMI data, which showed that the UK manufacturing and services industries have performed worse-than-expected so far this month. Manufacturing...
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by Charles Purdy | May 25, 2022
The pound weakened against both the euro and the dollar yesterday after PMI data was released, which revealed that the UK manufacturing and services industries have fared worse-than-expected so far this month. The war in Ukraine, high inflation and supply chain...
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