by Charles Purdy | May 4, 2022
The Federal Reserve will announce its latest decision on interest rates today following a two-day monetary policy meeting. It is widely expected that officials will raise the interest rate by half a percentage point and the markets will be listening for any comments...
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by Charles Purdy | May 4, 2022
Sterling took another dive over the course of yesterday against all major currencies – a clear sign that the influences are all from the GBP side of the equation – followed by a small recovery this morning. To avoid the risk of your budget collapsing in these...
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by Charles Purdy | May 3, 2022
The US dollar’s winning ways continued over the long weekend, although its performance was muted against sterling in a week when both economies will see interest rate decisions. In the biggest data release yesterday, ISM manufacturing PMI for April at 55.4 was...
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by Charles Purdy | May 3, 2022
The single currency had a mixed day yesterday following a mixed week but a generally positive month against all but the US dollar. Economic data coming out of the eurozone has been mixed. German retail sales disappointed severely – falling 2.7% in the year to March...
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by Charles Purdy | May 3, 2022
The pound has traded sideways against the euro recovered a fraction of its losses against the US dollar over the long weekend. There were no data releases over the Bank Holiday in the UK, and little of note today, other than a final reading for manufacturing PMI....
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