by Charles Purdy | Feb 22, 2022
The pound scaled €1.20 again yesterday, extending its recovery from last week. Problems in the Ukraine did not help the pound against other currencies, however, and sterling fell by around 0.3% against the US dollar. There was a positive reaction to Markit PMI of 60.8...
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by Charles Purdy | Feb 22, 2022
Sterling hit the heights against the euro yesterday, close to its strongest rate since the Brexit vote nearly six years ago. The launchpad was escalating problems in the Ukraine which have stifled the euro, but providing the rocket fuel was Markit PMI for the UK that...
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by Charles Purdy | Feb 21, 2022
Sterling finished last week recovering back to the levels of mid-January, well above the past five years’ average and 1.5% stronger than the start of February. The prompt was the Ukraine emergency, but very strong retail sales data in the UK in January will...
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by Charles Purdy | Feb 21, 2022
The dollar is weaker against the euro and the pound due to talks of a meeting between President Biden and President Putin. As a ‘safe-haven’ currency, the greenback typically strengthens in times of crisis. The crisis in Ukraine is likely to continue to impact the...
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by Charles Purdy | Feb 21, 2022
The euro weakened against the pound and the dollar at the end of last week, however it is recovering this morning. It continues to be driven by news of the Ukraine crisis. News of a possible summit between President Biden and President Putin has caused the euro to...
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