by Charles Purdy | Aug 8, 2022
The dollar has continued to strengthen against the euro following last week’s post-unemployment rate climb. Against sterling, the dollar has also continued to climb and is stronger than it was this time last week. Job prospects are finally on the rise as US...
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by Charles Purdy | Aug 8, 2022
The euro is still strong against the pound today climbing nearly half a percent higher than it was this time last week. Against the dollar the euro has strengthened overnight but is still weakening compared to the previous week. last week the euro performed well,...
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by Charles Purdy | Aug 8, 2022
This morning sterling is still weak against both the euro and the dollar. The BoE’s interest rate decision last week caused frenzy among market watchers, as the 50 basis-point increase carried the rate to a steep 1.75% . This was the highest rate hike Britain...
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by Charles Purdy | Aug 8, 2022
The threat of recession is on the horizon for Britain following the Bank of England’s decision to increase the interest rate by 50 basis points. The hike caused a frenzy among market watchers, as it carried the rate to a steep 1.75% – the highest Britain...
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by Charles Purdy | Aug 8, 2022
Sterling has started the week slowly, showing no clear direction after last Thursday’s drubbing following the Bank of England’s warnings of a deep and long lasting recession, with inflation hitting 13%. However, with currency markets, whenever a piece of news hits and...
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