by Charles Purdy | Jul 13, 2022
The pound has shot up to its highest level since the spring following GDP data from the UK that took the markets by surprise. The UK economy rose by 0.5% in May, when economists had predicted a 0.1% fall. That’s quite the turnaround, and has resulted in sterling...
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by Charles Purdy | Jul 12, 2022
The dollar continued to strengthen yesterday, on the back of Friday’s excellent non-farm payrolls data and a general risk off sentiment, surrounding fresh rises in Covid in China and the risk to gas supplies in Europe. Over the course of the week it has now...
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by Charles Purdy | Jul 12, 2022
The euro has had a torrid week, weakening across the board including over 3.5% against USD and almost 2% against sterling. It has now virtually reached parity against the US dollar for the first time in 20 years. Although there was a dearth of data yesterday, fears...
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by Charles Purdy | Jul 12, 2022
The pound has strengthened against the euro and weakened against the dollar over the past week and that continued yesterday. So far this morning the BRC Retail Sales Monitor has shown a decline in sales in June. Bank of England governor Andrew Bailey spoke before a...
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by Charles Purdy | Jul 12, 2022
The dollar has almost reached parity with the euro as fears over the supply of gas to western Europe this winter, along with the aggressive stance of the US Federal Reserve on interest rates, sent the dollar to yet more strength. The pound has also suffered against...
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