by Charles Purdy | May 20, 2022
The dollar fell against the euro and the pound yesterday following disappointing data. Initial jobless claims figures, which measures the number of Americans filing for unemployment benefits, increased to 218k last week. This was 21k higher than last week, 18k higher...
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by Charles Purdy | May 20, 2022
The euro has strengthened against the pound and is trading roughly 1% higher than yesterday against the dollar. Minutes from the European Central Bank’s latest monetary policy meeting were published yesterday and revealed that members were in favour of a rate hike “if...
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by Charles Purdy | May 20, 2022
The pound is supported against the euro and has strengthened by around 1% against the dollar. Confidence figures fell to an all-time low, beating its previous record set in the financial crisis. However, retail sales saw an unexpected rise, providing a glimmer of hope...
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by Charles Purdy | May 20, 2022
The pound has been supported this morning by better-than-expected retail sales data and is up around 1% against 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 further decline....
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by Christopher Nye | May 19, 2022
The dollar is slightly weaker against a basket of currencies this morning, although worries about the global economy mean that it is still benefitting from its status as a safe haven currency. Fed Chair Jerome Powell had said earlier in the week that the central bank...
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