by Charles Purdy | Mar 4, 2022
The pound has strengthened further against the euro, hitting its highest level since the Brexit referendum earlier this morning, but is weaker against the dollar. This follows further escalation in Ukraine after reports that Russia has now seized a nuclear power plant...
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by Charles Purdy | Mar 4, 2022
The dollar has held onto its strength following Federal Reserve Chair Jerome Powell’s second testimony in front of congress yesterday. He expressed that in hindsight, the Bank should have moved earlier to recognise inflation as longer-lasting. Initial jobless claims...
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by Charles Purdy | Mar 3, 2022
The dollar is stronger this morning following Federal Reserve Chair, Jerome Powell’s testimony in front of Congress yesterday. Powell revealed that he would still support a 25 basis points interest rate hike at the Federal Reserve’s next meeting in March. Despite the...
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by Charles Purdy | Mar 3, 2022
Despite the pound strengthening, the euro has focussed on negative headlines and is still weak against both the pound and the dollar. The euro is suffering as the conflict in Ukraine will have a greater economic impact on Europe than it will on the US or UK. The...
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by Charles Purdy | Mar 3, 2022
The pound has hit a 5-year high against the euro this morning, its highest level since July 2016. This is due to UK government bond yields recovering after falling yesterday, as well as the FTSE 100 recovering after falling over the last week. Later today, PMI figures...
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