by Charles Purdy | Feb 23, 2022
The pound remains well supported against the euro this morning after a brief dip yesterday. It has also gained some ground against the dollar since yesterday. The Russia-Ukraine conflict continues to drive the pound and other currencies. President Biden has said that...
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by Charles Purdy | Feb 23, 2022
The conflict in Ukraine continues to be a main driver for the currency markets. The euro had a brief rebound yesterday against the pound before weakening again, as the markets digest news that Russia has ordered troops into rebel-held areas of eastern Ukraine. This...
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by Charles Purdy | Feb 23, 2022
Yesterday was a day of volatility for the pound against the euro. Sterling dropped 0.7% in the morning but then recovered most of those losses and remained stable last night and this morning. The currency markets don’t know what to think about Ukraine. I’m not sure...
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by Charles Purdy | Feb 22, 2022
The dollar made use of its safe-haven status yesterday as fighting broke out in the Ukraine, with 0.3 to 0.7% rises against most rivals – apart from the yen where it lost out. After a public holiday for most federal workers yesterday (President’s Day), this afternoon...
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by Charles Purdy | Feb 22, 2022
The single currency fell almost across the board yesterday as conflict in the Ukraine began, as predicted. Safe haven currencies the US dollar and Japanese yen took most of the spoils, but it also weakened by around 0.3% against the pound. Elsewhere, business news was...
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