by Charles Purdy | Jul 1, 2022
After losing a little strength against the euro yesterday, the dollar is once again on the front foot against the euro and the pound as markets await key PMI figures. Yesterday saw personal income remain unchanged in May, at 0.5%, while personal spending fell to 0.2%,...
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by Charles Purdy | Jul 1, 2022
The euro has strengthened slightly against the pound but remains weaker against the dollar following poor economic data which has amplified fears of a technical recession. Along with worse-than-expected retail sales data for Germany, French inflation increased by more...
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by Charles Purdy | Jul 1, 2022
After strengthening against the euro yesterday, sterling is weaker this morning. Against the dollar, the pound is nearing a yearly low as markets continue to seek safe-haven currencies. As the UK economy continues to suffer from rising inflation – which is forecast to...
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by Charles Purdy | Jul 1, 2022
After strengthening against the euro yesterday, the pound is weaker this morning and is nearing a yearly low against the dollar. Inflation continues to be the main cause of sterling’s woes. UK businesses have called for the government to do more to help them, warning...
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by Charles Purdy | Jun 30, 2022
The dollar has been strengthening against most major currencies due to its status as a safe haven currency. Support for the dollar comes due to worries about how the need to tackle high inflation by hiking interest rates could trigger a recession. At the ECB’s forum...
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