by Charles Purdy | Aug 24, 2022
Today the pound continues to gain strength against the euro despite UK PMI disappointing market expectations yesterday. Against the dollar however, sterling is weaker this morning. In UK politics, Tory leadership candidate Liz Truss plans to reduce the Bank of...
read more
by Charles Purdy | Aug 24, 2022
Sterling has staged a bit of a recovery over the past 24 hours, strengthening mildly or remaining stable against the various dollars and the euro. This is despite a woeful picture from British manufacturing in yesterday’s S&P Global manufacturing PMI figures. The...
read more
by Charles Purdy | Aug 23, 2022
The dollar carried all before it yesterday as the outlook for Europe’s economy fell. It has reached a new 20-year against the euro and post-pandemic high against sterling. Stocks around the world fell, especially tech and consumer stocks such as Amazon, Netflix and...
read more
by Charles Purdy | Aug 23, 2022
The single currency fell below parity against the US dollar as fears for the European economy this winter grew, and it has remained there this morning. The euro also fell against sterling, and that has continued this morning. That may change as German manufacturing...
read more
by Charles Purdy | Aug 23, 2022
Over the course of yesterday the pound strengthened against the euro by just over 0.5% as the economy picture for the eurozone appeared to grow worse. That has continued this morning. No doubt where the pound is going against USD however, to a new post-Covid low. With...
read more
