by Charles Purdy | May 23, 2022
The dollar is weaker against a basket of currencies this morning. This is due to boosted risk sentiment, which has occurred because of rising hopes that the loosening of China’s lockdowns will help global economic growth. This week, the minutes from the Federal...
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by Charles Purdy | May 23, 2022
The euro is weaker against the pound but continues to gain some ground against the dollar. As well as a weaker dollar, the single currency benefitted last week from comments from European Central Bank officials. Several ECB members have suggested that interest rates...
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by Charles Purdy | May 23, 2022
After strengthening at the end of last week due to positive retail sales data, it is still strong this morning against the euro and the dollar. UK retail sales rose by 1.4% in April following a fall of 1.2% the month before. This surprised markets who had predicted a...
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by Charles Purdy | May 23, 2022
The pound is stronger against the euro and dollar this morning following positive retail sales, which were released at the end of last week. The markets predicted a decline in April; however, sales rose by 1.4%. The next set of notable UK data will be PMI figures,...
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by Charles Purdy | May 23, 2022
The pound starts the week in a stronger position against both the euro and the dollar. In fact, sterling is currently trading around 2% higher against the dollar than this time five days ago. The fate of sterling this week could be affected by the path of the Chinese...
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