by Charles Purdy | Aug 30, 2022
The euro strengthened sharply against the pound last week, and that continued through Monday when the UK exchanges were closed. Against the US dollar a choppy week ended with some support for the single currency, although it remains marginally below parity. Yesterday...
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by Charles Purdy | Aug 30, 2022
Sterling fell sharply on Friday, bedding in the losses from earlier in the week and driving the pound to its lowest point since the beginning of summer against the euro. Yesterday sterling dipped below $1.17 for the first time since the start of the pandemic in March...
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by Charles Purdy | Aug 30, 2022
Sterling’s price drifted over the course of last week against the euro and is now well over 1% weaker than last Tuesday. The picture is little better against the US dollar this morning, with last week’s losses beginning to be reversed, yet GBP/USD still at the lowest...
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by Charles Purdy | Aug 26, 2022
Yesterday’s GDP figures were slightly better than expected, but still showing a fall in Q2 of 0.6%. Despite this, most other data was more positive, including jobless claims falling. All ears will be on Jackson Hole at 3pm UK time today, when Federal Reserve chair...
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by Charles Purdy | Aug 26, 2022
The singe currency lost almost across the board yesterday, but just managed to keep its nose in front of the US dollar. It has since strengthened this morning, despite record low levels of optimism among German consumers. On the wires yesterday, German Ifo Business...
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