by Charles Purdy | Aug 1, 2022
After a dismal week last week, the euro has strengthened slightly this morning ahead of PMI data. Gas threats from Russia remain in the eurozone, weighing heavily on the euro. “A complete shutdown of gas supply from Russia to the EU now looking much more likely,” said...
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by Charles Purdy | Aug 1, 2022
The pound strengthened against both the euro and the dollar last week following news that the US is entering a ‘technical recession’ and growing tension between Russia and the eurozone. This morning sterling remains up. It’s a busy week in the UK data calendar with...
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by Charles Purdy | Aug 1, 2022
The pound saw plenty of support last week as global economies battled with a number of issues, from gas restrictions to ‘technical recessions’. This morning, sterling remains stronger against the euro and the dollar. The UK’s data calendar is full this week, with PMI...
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by Charles Purdy | Aug 1, 2022
The pound has started August 2022 at 3% above where it started July, 2% above where it started August last year, around 8% above 1st August 2020 and nearly 10% above 2019. That last date was when GBP/EUR was on a slide after Boris Johnson became prime minister and it...
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by Charles Purdy | Jul 29, 2022
News that the USA is in a technical recession caused the dollar to weaken across the board. Despite the Federal Reserve’s attempt to rebalance supply and demand within the US economy, its policy of rapidly raising interest rates has, in the opinion of President Biden,...
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