by Christopher Nye | Jun 22, 2022
The pound has responded to today’s inflation figures by dropping close to 0.5% against the euro and US dollar. The year-on-year rise to 9.1% wasn’t as high as some had predicted, which is perhaps why sterling has weakened, but is nevertheless a 40-year high. Although...
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by Charles Purdy | Jun 22, 2022
The dollar has strengthened against the pound and the euro this morning as markets await US Federal Reserve Chair Jerome Powell’s testimony. Today and tomorrow, Powell, will appear in front of the US Senate, and the markets will be listening for any hint of another...
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by Charles Purdy | Jun 22, 2022
The euro strengthened slightly yesterday after hawkish comments from the European Central Bank’s Chief Economist, Philip Lane, but has weakened against the dollar this morning. Lane revealed that as well as an interest rate hike of 25 basis points in July, the Bank is...
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by Charles Purdy | Jun 22, 2022
The pound is weaker against the euro and the dollar following the latest inflation data for the UK. Inflation rose to 9.1% in May, up slightly from April’s figure of 9% and a fresh 40-year high. While this figure is in line with expectations, some major elements of...
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by Charles Purdy | Jun 22, 2022
The pound has weakened against the euro and the dollar following the latest inflation figure for the UK. Inflation rose to 9.1% in May, up slightly from April’s figure of 9% and a fresh 40-year high. The Bank of England has warned that inflation could hit 11% later...
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