by Charles Purdy | Jul 18, 2022
Sterling has started the day in an upbeat fashion, possibly the result of Rishi Sunak’s lead in the Tory leadership contest, or possibly a hangover from the better than expected GDP result last week. This week is awash with high level data, including unemployment...
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by Charles Purdy | Jul 18, 2022
Sterling has started the week well in early trading today, strengthening marginally against the euro and US dollar. However it is still slightly weaker than the start of last week against both. It’s a busy week for data on this side of the Channel, but while the big...
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by Charles Purdy | Jul 18, 2022
The pound drifted sharply against the euro over the course of Friday, ending around 0.3% down on the week overall, after hitting a nine-week high on Wednesday following better than expected GDP data. This morning we’ve seen a slight recovery against both EUR and...
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by Charles Purdy | Jul 15, 2022
The dollar has continued to gain strength this week as the chance of a full 1% increase in US interest rates on 29 July looks more likely in the face of 9.1% inflation, the highest in 40 years. This week the dollar hit parity with the euro although it has since been...
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by Charles Purdy | Jul 15, 2022
It’s been an exceptionally quiet week for data in the eurozone, with the headline being a parlous reading for the ZEW Economic Sentiment Index in Germany, which fell to -53.8 against an expectation of just -33.8. This morning we’ve heard that car registrations in the...
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