by Charles Purdy | Mar 8, 2022
A torrid few days for the single currency has been followed by a brief recovery against the pound and – at least – no further losses against USD, possibly due to belief that a cease-fire could succeed in Ukraine. On the data front, yesterday there was a broadly...
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by Charles Purdy | Mar 8, 2022
The pound remains at close to its highest since June 2016 against the euro although it fell steeply from its highest point yesterday. Yesterday’s data included UK house prices continuing to rise fast, at 0.5% in February and 10.8% for the year according to the...
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by Charles Purdy | Mar 8, 2022
The pound has dropped by well over 1% against the euro from its near-six-year high yesterday, while continuing to fall against the dollar. GBP/USD is now at its lowest point since November 2020, although still well above its five-year average. This morning retail...
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by Charles Purdy | Mar 7, 2022
The dollar is still strong against a basket of currencies, benefitting from its status as a ‘safe-haven’ currency in times of crisis. A positive non-farm payrolls report on Friday also helped the greenback. The report showed that the US economy added 678,000 jobs in...
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by Charles Purdy | Mar 7, 2022
The euro is suffering against the pound, dollar and other currencies as it continues to respond to the events of the Ukraine conflict. As Europe is reliant on Russian gas, the sanctions placed on Russia are having a significant impact in Europe and the euro is...
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