by Charles Purdy | Jul 15, 2022
Sterling drifted lower against the euro during the course of yesterday before perking up late in the day and regaining some of its earlier losses. Against the US dollar it again hit a new 28-month low. Yesterday’s data included RICS House Price Balance, which is a...
read more
by Charles Purdy | Jul 15, 2022
A lively week for sterling has reached Friday with the pound holding on to the 2% gain it made on the euro following the Boris Johnson resignation last week, but not quite at the heights that Wednesday’s better-than-expected GDP data sent it to. Don’t forget to...
read more
by Charles Purdy | Jul 14, 2022
The dollar is strong against most major currencies this morning following the release of US inflation figures yesterday. Inflation came in at 9.1% year-on-year, beating expectations of 8.8% and the highest since 1981. Energy prices rose 41.6%, the most since April...
read more
by Charles Purdy | Jul 14, 2022
The euro is still weak against the dollar this morning and EUR/USD reached parity yesterday for the first time in 20 years. This has occurred due to a mixture of both dollar strength and euro weakness. The euro continues to suffer as a result of the war in Ukraine and...
read more
by Charles Purdy | Jul 14, 2022
The pound is still trading at strong levels against the euro this morning. This follows better-than-expected GDP figures, which were released earlier this week. The figures revealed that the UK economy grew 0.5% in May, better than the 0.0% predicted. This has...
read more
