by Charles Purdy | Jul 22, 2022
The pound fell by almost 1% against the euro yesterday following the European Central Bank’s latest interest rate decision but has made a good recovery this morning. In the data world, UK consumer confidence figures were unchanged in July and better than market...
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by Charles Purdy | Jul 22, 2022
The pound fell by almost 1% against the euro yesterday following the European Central Bank’s latest interest rate decision but has made a good recovery this morning. Against the dollar, sterling is up around 1% compared to this time last week. The ECB raised interest...
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by Charles Purdy | Jul 22, 2022
The dollar is still struggling against the pound but has recovered some strength against the euro. Nonetheless, the greenback remains over 1% down on this time last week against the euro. This week’s light US data calendar has left the dollar with little to play with...
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by Charles Purdy | Jul 21, 2022
The dollar slipped severely against the euro and more mildly against almost every currency yesterday as it continued to suffer from a ‘risk on’ mood. There has been some interesting housing market data so far this week. Although none of it strayed too far from...
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by Charles Purdy | Jul 21, 2022
The euro had a positive day as hopes rise for a larger-than-expected interest rate rise. This was despite the risk of a political crisis in Italy leading to an economic catastrophe. Yesterday’s biggest data release was consumer confidence across the eurozone, which...
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