by Charles Purdy | Sep 16, 2022
The dollar’s fortunes were patchy yesterday, strengthening markedly against the pound and various other dollars, but making no gains on the euro. This morning USD/GBP has reached a new multidecade high. The countries’ relative performances on retail sales tells the...
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by Charles Purdy | Sep 16, 2022
The euro has strengthened by as much as 1% against sterling over the past 24 hours, while remaining broadly static against the US dollar. There hasn’t been much data for the markets to get excited about this week, but the rise has been on the back of last week’s...
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by Charles Purdy | Sep 16, 2022
Sterling has dropped to a fresh multi-decade low against the US dollar this morning, as woeful retail sales data shocked the markets. Against the euro, sterling has dropped too, and is currently at a new 18-month low. Yesterday’s inflation attitudes survey from the...
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by Charles Purdy | Sep 16, 2022
Sterling weakened decisively during the course of yesterday against the US dollar and euro, by between 0.5 and 1%. Speak to your trader asap to control the risk of further falls affecting your plans, or to lock in this rate if buying sterling. Please also consider...
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by Christopher Nye | Sep 15, 2022
Following Tuesday’s leap, the US dollar has been sliding slowly downwards since, while holding onto most of Tuesday’s gains. Lots of interesting data yesterday from the US, with the key release being the Producer Price Index month-on-month for August. PPI in the US...
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