by Charles Purdy | Mar 23, 2022
The dollar strengthened against a basket of currencies this morning, still benefitting from ‘hawkish’ remarks earlier this week made by Federal Reserve Chair, Jerome Powell. Powell suggested that interest rates could be hiked by more than 25 basis points at upcoming...
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by Charles Purdy | Mar 23, 2022
The euro found some momentum against the dollar yesterday but weakened against the pound. A series of PMI data will be released for the eurozone and Germany tomorrow, which will give an indication as to how both economies have performed in March. The markets will be...
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by Charles Purdy | Mar 23, 2022
The pound is still strong against the euro and the dollar after surging yesterday. This morning, UK inflation figures for February have come in higher-than-expected. Annual inflation rate increased to 6.2%, up from January’s reading of 5.5% and above market forecasts...
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by Charles Purdy | Mar 23, 2022
After surging yesterday afternoon, the pound is still strong against the euro and the dollar this morning. UK inflation figures for February were released earlier today, coming in above expectations and soaring to a 30 year high. Rising energy costs, fuel and food...
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by Christopher Nye | Mar 23, 2022
Sterling recovered significantly this week, returning to the levels of the start of the month against the euro, although it has dipped somewhat this morning. The first of the potential financial shocks of the week has been and gone – inflation – with the inflation...
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