by Charles Purdy | Mar 14, 2022
Sterling starts the week 2% down against the euro compared to this time last week and close to that far down against the US dollar. Indeed, against the dollar it is 5% weaker than its highest point this month on 21 February, which feels like a whole world away now,...
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by Charles Purdy | Mar 11, 2022
The dollar has regained some strength against the pound and the euro following record-high inflation figures. US inflation rose to an annual rate of 7.9% in February, reaching another 40-year high. Markets will now be interested in any reaction to this figure from the...
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by Charles Purdy | Mar 11, 2022
After rising against the pound and dollar in the early trading hours yesterday, the euro has since fallen as markets assess the European Central Bank’s latest monetary policy meeting. The euro initially took strength from “hawkish” comments by the ECB. The Bank said...
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by Charles Purdy | Mar 11, 2022
After falling against the euro earlier this week, the pound has steadied following an update from the European Central Bank. Sterling has weakened further against the dollar. GDP data released this morning revealed that the UK economy rebounded strongly in January, by...
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by Charles Purdy | Mar 11, 2022
The pound has steadied its fall against the euro, strengthening slightly after “hawkish” comments from the European Central Bank. Against the dollar, sterling remains weaker. The ECB surprised markets yesterday, saying that it may end its quantitative easing programme...
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