by Charles Purdy | Oct 3, 2022
Sterling has already seen some activity this morning, dropping as soon as trading started this morning in Asian markets, then leaping upwards as the news came through that the chancellor is reversing the 45% tax cut, then settling down again. As the Truss-Kwarteng...
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by Christopher Nye | Oct 3, 2022
A choppy start for the pound against the euro and the dollar this morning following the chancellor’s U-turn, but overall sterling is significantly stronger than it was against both currencies this time last week. In the latest political-economic development, Tory MPs...
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by Julian Benson | Sep 30, 2022
Yesterday the US dollar declined significantly against both the euro and pound. Despite the recent recovery by the pound, USD remains strong versus sterling and euro as the week closes. Today will see Personal Spending data for MoM August, which is expected to drop...
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by Julian Benson | Sep 30, 2022
After a rocky week of ups and downs, the euro strengthened decisively against the US dollar and other currencies. This morning, the French inflation rate dropped more than expected, going from 5.9% in August to 5.6% in September. Today, the Euro Area will release its...
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by Julian Benson | Sep 30, 2022
Against the US dollar and the euro, sterling made new gains yesterday and regained the losses since last Friday. So far this morning, the pound has remained steady. The GDP annual growth rate was 4.4% year-on-year up to the second quarter of 2022. This is higher than...
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