by Charles Purdy | Jul 20, 2022
The dollar is still weaker this morning as a ‘risk on’ sentiment continues to drive the American currency down. In the data world, both housing starts and building permits declined in June. It’s a light data day today, with June existing home sales being the main...
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by Charles Purdy | Jul 20, 2022
Today’s inflation figures, showing prices in the UK rising at 0.8% in June and 9.4% in the year to June, have caused the pound to fall against the euro and US dollar this morning. That’s because despite being at its highest for 40 years, inflation is slightly less...
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by Charles Purdy | Jul 19, 2022
It was a quiet day for data in the US but the greenback weakened nonetheless. This was mainly due to an increasing risk on sentiment as fears over a Chinese recession lessened following comments from the governor of the Bank of China. Yi Gang said that there would be...
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by Charles Purdy | Jul 19, 2022
The single currency enjoyed a buoyant start to the week, strengthening against its next 20 currencies except for the British pound and Norwegian krone. This was despite a real lack of data, and is most likely down to positive news on the Chinese economy, which...
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by Charles Purdy | Jul 19, 2022
Sterling was supported through much of yesterday, ending the day close to 1% up on the day against the US dollar and at one point hitting $1.20. Against the euro gains early on had all but disappeared by the end of the day and that has continued this morning, with a...
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