by Charles Purdy | Jul 12, 2022
The euro has had a torrid week, weakening across the board including over 3.5% against USD and almost 2% against sterling. It has now virtually reached parity against the US dollar for the first time in 20 years. Although there was a dearth of data yesterday, fears...
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by Charles Purdy | Jul 12, 2022
The pound has strengthened against the euro and weakened against the dollar over the past week and that continued yesterday. So far this morning the BRC Retail Sales Monitor has shown a decline in sales in June. Bank of England governor Andrew Bailey spoke before a...
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by Charles Purdy | Jul 12, 2022
The dollar has almost reached parity with the euro as fears over the supply of gas to western Europe this winter, along with the aggressive stance of the US Federal Reserve on interest rates, sent the dollar to yet more strength. The pound has also suffered against...
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by Christopher Nye | Jul 11, 2022
After all the political excitement last week, sterling starts at its highest point since early May against the euro but close to historic lows against the US dollar. Last week GBP/USD hit its lowest since March 2020, but that doesn’t really tell the whole story. March...
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by Christopher Nye | Jul 11, 2022
The dollar is stronger this morning against a basket of currencies due to global growth fears. These have been exacerbated by fears of more lockdowns in China after Shanghai reported its first case of the highly infectious BA.5 omicron sub-variant yesterday. Despite...
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