by Charles Purdy | Sep 20, 2022
Sterling moved gently up and down yesterday before ending the day roughly where it started, only fractionally up on its lowest position since early 2021 against the euro and since 1985 against the US dollar. However, in early trading today the pound has opened...
read more
by Charles Purdy | Sep 19, 2022
The US dollar has leapt into the new week, gaining against all major currencies. Its biggest strength has been against the euro and Chinese renminbi, as the markets prepare for another 75 basis point interest rate rise from the Fed’s interest rate committee, the FOMC,...
read more
by Charles Purdy | Sep 19, 2022
The single currency has weakened against almost all major currencies this morning, including by as much as a third of a cent against the US dollar, taking it marginally below parity once again. Several members of the ECB’s rate setting committee are speaking this...
read more
by Charles Purdy | Sep 19, 2022
Sterling’s sharp reversal against almost all major currencies last week was caused by a worsening picture for its economy overall, but also by the market’s view of the BoE potentially rowing back on a 75 basis interest rate rise at Thursdays meeting of the MPC. That’s...
read more
by Charles Purdy | Sep 19, 2022
Last week sterling fell to its lowest point since early 2021 against the euro and its lowest for 37 years against the US dollar. It followed not just a string of disappointing economic readings, but also ones that international investors felt will limit the hand of...
read more
