by Charles Purdy | Oct 4, 2022
Sterling has rebounded following the chancellor’s climbdown on tax and promise to bring forward publication of the medium term fiscal plan. It climbed against most major rivals, with gains in excess of 1% against the euro and almost 2% against the US dollar....
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by Charles Purdy | Oct 4, 2022
Sterling strengthened over the course of yesterday against both the US dollar and euro by around 1%. This returned GBP/USD to where it was before the chancellor’s mini-budget of 23rd September and GBP/EUR to a two-and-a-half week high. It has continued to strengthen...
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by Christopher Nye | Oct 3, 2022
After the massive highs against sterling last week, the dollar is weaker overall compared to the pound today. This follows sterling’s fresh gains on Friday after surprisingly good GDP data. Against the euro, the dollar is also weaker. ISM Manufacturing PMI data...
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by Christopher Nye | Oct 3, 2022
The euro starts the week down against the pound today but stronger against the dollar. Lots of S&P global manufacturing PMI data from the eurozone this morning (including Spain, Italy, France, and Germany). The eurozone manufacturing PMI final reading for...
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by Christopher Nye | Oct 3, 2022
Sterling made new gains today, building on the recovery over the previous week. Against the dollar, sterling starts the week much stronger than it did last week. This follows the pound’s recent boost in the wake of better-than-expected GDP data. S&P...
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