by Charles Purdy | Aug 2, 2022
After taking a bit of a dive yesterday, the US dollar has recovered against both the euro and the pound this morning. Yesterday’s economic data showed ISM Manufacturing PMI slipping a little lower than June, but nevertheless beating expectations of 52 to show 52.8....
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by Charles Purdy | Aug 2, 2022
The euro has been unable to establish any clear direction against the pound over the past week, having declined fairly sharply the week before. So far this morning the euro has weakened against the US dollar by 0.3%, losing almost all of the gains it made yesterday....
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by Charles Purdy | Aug 2, 2022
The pound strengthened against the euro early yesterday, coming close to breaching last week’s 12-week high before slipping back by around half a cent by this morning. The trend was similar against the US dollar. Data from the UK was mixed yesterday, but the final...
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by Charles Purdy | Aug 2, 2022
Sterling has bounded into August close to its highest rate against the euro since April and against the US dollar since late June. The Bank of England (BoE) Monetary Policy Committee (MPC) will be meeting on Thursday to set a new interest rate – or, less likely, to...
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by Charles Purdy | Aug 1, 2022
The dollar rebounded on Friday after US Personal Consumption Expenditure (PCE) inflation came in higher than expected. PCE jumped 1% in June, the largest increase since 2005. This has further increased expectations that the Federal Reserve could continue to raise...
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